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.
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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.