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Kinder Morgan, DCP Midstream and Targa Resources Enter into Letter of Intent to Jointly Develop Gulf Coast Express Pipeline Project

TARGA RESOURCES (TRGP)  More Company Research Source: Business Wire
PDF Midland Basin Lateral Added to the Project Scope; Significant Volumes to be Committed to the Project HOUSTON--(BUSINESS WIRE)-- Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), DCP Midstream, LP (NYSE: DCP) (DCP Midstream) and an affiliate of Targa Resources Corp. (NYSE: TRGP) (Targa) today announced they have signed a letter of intent with respect to the joint development of the proposed Gulf Coast Express Pipeline Project (GCX Project), which would provide an outlet for increased natural gas production from the Permian Basin to growing markets along the Texas Gulf Coast. The participation of the three parties involved with the GCX Project is subject to negotiation and execution of definitive agreements among KMTP, DCP Midstream and Targa. As part of the definitive agreements, Targa and DCP Midstream would commit significant volumes to the proposed project, inclu [Read more]

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