DCP Midstream Partners, LP (DPM) announced the closing of its certain natural gas gathering and treating assets acquisition for $45.1 million in cash from MichCon Pipeline Company, a DTE Energy unit. The assets are located in northern Michigan adjacent to the Partnership's existing assets. These assets provide essential services for gas produced from the Antrim Shale formation.
The acquisition was financed through a previously announced public offering of 2.5 million of the Partnership's common units, which closed today.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.