Buckeye Partners Finalizes NGL Pipeline Sale

March 2010 Vol. 237 No. 3

Buckeye Partners L.P. has completed the sale of its NGL pipeline system to DCP Midstream Partners for $22 million.

The system transports NGLs from natural gas processing plants located in the Denver-Julesberg producing basin of northern Colorado to central Kansas.

“We are pleased to complete the disposition of the NGL pipeline system, which was placed for sale after completion of a strategic review of our portfolio of operating assets,” said Forrest E. Wylie, Chairman and CEO of Buckeye’s general partner.