DCP Midstream Partners Acquires NGL Storage Company for US$95 Million

摘要

DCP Midstream Partners LP has acquired all of the owner- ship interests of Marysville Hydrocarbon Holdings LLC for US$95 million plus inventory and other working capital of about $6 million. Through its wholly-owned subsidiary, Marysville Hydro- carbons Inc. (MHI), Marysville owns and operates a pro- pane and butane storage facility in Marysville, Mich., which includes nine underground salt caverns with 285 million gallons of storage capacity; rail, truck and pipeline connec- tions providing an important supply point for refiners and wholesale propane distributors in the Midwest, Sarnia and Northeast markets; and a 620-acre site including 300 unde- veloped acres.