DCP Midstream, EQT call off Marcellus Shale processing joint venture

Source: DCP Midstream

DCP Midstream Partners, LP (NYSE: DPM) is no longer pursuing a joint venture or alternative transaction structures with EQT Corporation (NYSE: EQT) related to EQT’s processing needs in the Marcellus and Huron shale areas of the Appalachian basin. 

“We will continue to actively pursue economically attractive business opportunities in the Marcellus,” said Tom O’Connor, chairman of DCP Midstream Partners, LP and chairman, president and chief executive officer of DCP Midstream, LLC. “We are very pleased with DCP’s portfolio of growth opportunities, including our Marysville NGL storage acquisition announced yesterday.” 

DCP Midstream Partners is a midstream master limited partnership that gathers, treats, processes, transports and markets natural gas, transports and markets natural gas liquids, and is a leading wholesale distributor of propane.

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