Project Profile
Location: Harrison County in east Texas, USA
Plant capacity: 80 MMcfd
The Crossroads System is a natural gas gathering system and processing plant located in the southeastern portion of Harrison County in east Texas and it includes approximately 8 miles of gas gathering pipeline, an 80 MMcfd cryogenic processing plant, approximately 20 miles of NGL pipeline and a 50% ownership in an approximately 11 mile residue gas pipeline. Penn Virginia Resource Partners, L.P. has entered into an agreement to sell its Crossroads natural gas gathering system and processing plant to DCP Midstream Partners, LP for approximately US$63 million. The transaction is subject to customary closing conditions, and is expected to close on or about July 2, 2012. Depending upon the closing date and any final purchase price adjustments, PVR expects to recognise a gain of between US$30 and US$33 million as a result of the transaction.
Operators:
DCP Midstream Partners, LP: Operator with 100% interest