US DCP Midstream completes acquisition of plant, gathering system

05 July 2012 17:03  [Source: ICIS news]

HOUSTON (ICIS)--DCP Midstream Partners has completed its $63m (€50.4m) acquisition of the Crossroads processing plant and associated gathering system from Penn Virginia Resource Partners, the US-based midstream energy firm said on Thursday.

The Crossroads system includes eight miles of natural gas gathering pipe, an 80m cubic feet/day cryogenic processing plant, 20 miles of natural gas liquids pipeline and a 50% ownership in an approximately 11-mile residue gas pipeline, DCP said.

The Crossroads system is located in Harrison County, Texas.

($1 = €0.80)

By: Bobbie Clark
+1 713 525 2653

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