DCP Midstream Partners LP (DPM) announced that it has entered into an agreement with MichCon Pipeline Co, a subsidiary of DTE Energy, to acquire certain natural gas gathering and treating assets for $45.1 million in cash.
The assets are located in northern Michigan adjacent to the DCP Midstream Partners' existing assets. These assets provide essential services for gas produced from the Antrim Shale formation.
The company expects the acquisition to close in the fourth quarter of 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.