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    QEPM acquires membership interests in Green River Processing

    QEP Midstream Partners LP

    QEP Midstream Partners LP (NYSE:QEPM) has acquired 40% of the outstanding membership interest in Green River Processing LLC for $230 million in cash from QEP Field Services Co., a wholly owned subsidiary of QEP Resources Inc. (NYSE: QEP). The acquisition closed on July 1. 

    Green River Processing owns the Blacks Fork natural gas processing complex and the Emigrant Trail natural gas processing plant located in southwest Wyoming. These assets consist of four natural gas processing plants with total processing capacity of 890 MMcf per day, and natural gas liquids (NGL) fractionation capacity of 15,000 bbl per day with interconnects to six interstate natural gas pipelines, and direct pipeline access to the Mt. Belvieu and Conway NGL markets. In 2013, total natural gas inlet volumes for Green River Processing were approximately 201 million MMBtu, of which 65% were processed under fee-based processing agreements and 35% were processed under keep-whole processing agreements.

     

     

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