Regency Energy Partners LP, a pipeline owner controlled by Energy Transfer Equity LP, agreed to buy two pipeline units for about $1 billion to expand in Texas.

Regency will acquire the midstream assets of Eagle Rock Energy Partners LP for $200 million in stock and $520 million in cash, according to a statement today. Separately, Houston-based Regency said it would pay $290 million in cash and stock for assets belonging to closely held Hoover Energy Partners LP.

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