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Enterprise, Anadarko, DCP Midstream and MarkWest Form Joint Venture for Panola NGL Pipeline in Texas

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD), Anadarko Petroleum Corporation (NYSE:APC), DCP Midstream Partners, LP (NYSE:DPM) and MarkWest Energy Partners, L.P. (NYSE:MWE) today announced the formation of a joint venture under which Enterprise will assign 45 percent ownership interest in its wholly owned Panola Pipeline Company, LLC. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Company LLC (WGR), DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55 percent interest.