Enterprise Products Partners LP (NYSE: EPD), Anadarko Petroleum Corp. (NYSE: APC), DCP Midstream Partners LP (NYSE: DPM) and MarkWest Energy Partners LP (NYSE: MWE) formed a joint venture (JV) for the Panola NGL pipeline in East Texas, the companies said in a Feb. 24 release.

As part of the JV, Enterprise will assign 45% ownership interest in its Panola Pipeline Co. LLC. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Co. LLC (WGR), DCP Midstream Partners and MarkWest.

Enterprise will continue to serve as operator of the Panola pipeline and own the remaining 55% interest.

The Panola pipeline, which transports NGL, originates in Carthage, Texas, and extends 181 miles to Mont Belvieu, Texas. Following a successful open season, Enterprise recently announced plans to install 60 miles of new pipeline, as well as pumps and other associated equipment as part of an expansion project designed to increase capacity by 50,000 barrels per day. The incremental capacity is expected to be available in the first quarter of 2016.