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.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs