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Atlas Pipeline Partners, L.P.
APL announced today that it has signed agreements with DCP NGL
Services, a subsidiary of DCP Midstream, to sell its natural
gas liquids 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 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.
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