DCP Midstream has reached an agreement to acquire the Seaway Products Pipeline Company from ConocoPhillips and create new natural gas liquids transportation capacity from the Midcontinent to the Texas Gulf Coast markets. The pipeline will be renamed the Southern Hills Pipeline and will be converted from refined products service to a natural gas liquids (NGL) pipeline extending over 700mi between two significant NGL market hubs-Conway, Kan., and Mont Belvieu, Texas. DCP Midstream will add a 130mi extension to Conway and a 30mi extension to Mont Belvieu, in addition to pump capacity and related gathering infrastructure, to the current 580mi pipeline. With a target capacity of approximately 150,000 barrels of Y-grade NGLs per day, the pipeline will be connected to several DCP Midstream processing plants and anticipated third-party NGL producers. This investment will cost approximately USD 750 million to USD 850 million with an in-service date expected as early as mid-2013.