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: editorial@rttnews.com