DCP Midstream subsidiary DCP NGL Services has signed agreements to purchase natural gas liquid (NGL) production from Atlas Pipeline Partners (APP)’s processing facilities in Oklahoma and Texas, US.
The transaction will provide APP long-term support for its expansions at its West Texas, West Okalahoma and Velma systems.
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DCP will also buy additional NGL on an interim basis from the West Texas plants.
The 15-year agreements will become effective at various times on expiration of APP’s existing NGL sales agreements.
APP owns and operates five active gas processing plants, along with an 8,600 mile active intrastate gas gathering pipeline in the Mid-Continent region of Oklahoma, southern Kansas and north-west Texas.
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By GlobalData
