DCP Midstream Announces Expansion in Northeast Colorado
26 August 2008 - 8:48AM
PR Newswire (US)
DENVER, Aug. 25 /PRNewswire/ -- DCP Midstream, LLC, (DCP) today
announced its plans to significantly expand gas gathering and
processing facilities in northeast Colorado to support the growing
natural gas production in the area. (LOGO:
http://www.newscom.com/cgi-bin/prnh/20080306/CLTH106LOGO) The plan
includes capacity additions to two existing plants, Mewbourne and
Lucerne, both located in Weld County. The expansions will increase
DCP's gas processing capacity in the area by 80 million cubic feet
per day (MMcf/d) to over 400 MMcf/d. Along with the installation of
new equipment, DCP will utilize existing sites, equipment and
infrastructure contributing to an anticipated fourth quarter 2009
completion. "This expansion is part of an ongoing series of
optimization projects we've undertaken to increase area capacity
and improve reliability and service to our producers and
customers," said Tom O'Connor, chairman, president and chief
executive officer of DCP. "It's especially beneficial to provide
the infrastructure to help satisfy the country's demand for a
clean, domestic energy supply." DCP Midstream, LLC, headquartered
in Denver, Colorado, leads the midstream segment as one of the
nation's top three largest natural gas gatherers and processors,
and the largest natural gas liquids producer and marketer in the
U.S. DCP Midstream operates in 16 states across seven producing
regions. DCP Midstream is a 50:50 joint venture between Spectra
Energy and ConocoPhillips. The Company owns the general partner of
DCP Midstream Partners, LP, a master limited partnership, and
manages and operates its assets in Colorado, Louisiana, Oklahoma,
Texas, Wyoming and the northeast U.S.
http://www.newscom.com/cgi-bin/prnh/20080306/CLTH106LOGO
http://photoarchive.ap.org/ DATASOURCE: DCP Midstream, LLC CONTACT:
Julia Emko, +1-303-605-2013, or 24-hour, +1-303-888-2787, for DCP
Midstream, LLC
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