Atlas Pipeline enters long term NGL agreements with DCP

Source: Atlas Pipeline Partners, L.P.

Atlas Pipeline Partners, L.P. (NYSE: APL) (APL, Atlas Pipeline, or the Partnership) has signed agreements with DCP NGL Services, LLC (DCP), a subsidiary of DCP Midstream, LLC, to sell its natural gas liquids (NGL) production from each of APL's processing facilities in Oklahoma and Texas.

The agreements are based on Mt. Belvieu NGL pricing and each have a term of fifteen (15) years, which will become effective at various times upon expiration of APL's existing NGL sales agreements. The agreements with DCP provide long-term support for APL's previously announced expansions at its WestTX, WestOK and Velma systems. In addition, subject to existing commitments, the arrangements also allow for the sale of additional NGLs from the West Texas plants on an interim basis.

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