Kinder Morgan, Martin Midstream in Permian JV

摘要

Kinder Morgan Energy Partners LP(NYSE: KMP) and Martin Midstream Partners LP (NASDAQ: MMLP) announced a joint venture, Pecos Valley Producer Services LLC, to develop a multicommodity rail terminal in Pecos, Texas. The facility will be constructed and operated by a subsidiary of WatcoCompanies Inc., the largest privately held short-line railroad company in the U.S. KMP holds a preferred equity position in Watco.