Kinder Morgan Energy Partners LP (KMP) said it closed a previously announced transaction to purchase the natural gas treating business from Crosstex Energy, L.P. (XTEX) and Crosstex Energy, Inc. (XTXI) for approximately $266 million, including working capital and closing adjustments. The company would offer these natural gas treating services to its Texas Intrastate customers and to other producers in various supply basins, including the rapidly developing shale plays.
KMP purchased approximately 290 amine-treating and dew-point control plants predominantly located in Texas and Louisiana, with additional facilities in Mississippi, Oklahoma, Arkansas and Kansas.
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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.