Enterprise partners with three on NGLs pipeline

February 24, 2015 By    

Enterprise Products Partners LP, Anadarko Petroleum Corp., DCP Midstream Partners LP and MarkWest Energy Partners LP formed a joint venture under which Enterprise will assign 45 percent ownership interest in the Panola Pipeline Co. LLC. According to a press release, the interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Co. LLC, DCP Midstream and MarkWest.

Enterprise will continue to serve as operator of the Panola Pipeline, which transports natural gas liquids (NGLs) between Carthage, Texas, and Mont Belvieu, Texas. Enterprise will also own 55 percent interest in the pipeline.

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