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News Breaks
February 3, 2014
08:22 EDTDPMDCP Midstream adding half Bcf/d of natural gas processing capacity in two basins
DCP Midstream enterprise is announcing the addition of almost half a billion cubic feet per day, or Bcf/d, of natural gas processing capacity in two of the most prolific, liquids-rich basins in the U.S. In the DJ Basin, DCP Midstream is constructing the new 200 MMcf/d Lucerne 2 Plant. Also in the DJ Basin, the recently started O'Connor Plant is increasing its throughput capacity from 110 MMcf/d to 160MMcf/d, up almost 50 percent. Both the Lucerne 2 and O'Connor plants are connecting to the Front Range NGL Pipeline, now in service. In the Eagle Ford Shale, the 200 MMcf/d Goliad Plant is now in start-up. DCP Midstream, and its sponsored master limited partnership DCP Midstream Partners together hold an industry leading position, processing about 12 percent of the nation's gas supply.
News For DPM From The Last 14 Days
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February 24, 2015
17:08 EDTDPMDCP Midstream reports Q4 EPS 49c, consensus 55c
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08:20 EDTDPMEnterprise, Anadarko, DCP, MarkWest form joint venture for Panola
Enterprise Products Partners (EPD), Anadarko Petroleum (APC), DCP Midstream Partners (DPM) and MarkWest Energy Partners (MWE) announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Company, 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 natural gas liquids, originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Incremental capacity is expected to be available in 1Q16. This corrects the symbol for Enterprise Products Partners.

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