DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition
Transaction Type
Buyers
Basin
Permian Basin; Central Basin Platform
Announce Date
Post Date
Estimated Price
$160.0MM
Description
To acquire the James Lake System, located within three miles of DCP’s Goldsmith processing facility in Ector County, TX, within the Permian Basin; includes about 230 miles of gathering pipe and a 120 MMcf/d cryogenic processing facility. (Expected to close 3Q 2022)