2013-08-26 14:32:02 -
DCP Midstream, LP
370 17(th) Street, Suite 2500
Denver, CO 80202
Aug. 26, 2013 DCP Midstream CONTACT: Lisa Newkirk
DCP MIDSTREAM'S RAWHIDE PROCESSING PLANT AND ASSOCIATED SYSTEMS
NOW IN COMMERCIAL OPERATION SERVING PERMIAN BASIN
DENVER, Aug. 26, 2013 - DCP Midstream announces that its new Rawhide Plant, a
75 million cubic feet per day, deep-cut, cryogenic natural gas processing plant
in Glasscock County, Texas, and the associated low-pressure gathering and
compression systems are now in commercial operation.
"We are pleased to provide Permian Basin producers highly efficient processing
and transportation solutions," said Greg Smith, president of DCP Midstream's
Permian business unit. "We are responding to our customers' needs with new
processing capacity and increased reliability."
The new processing plant has been part of DCP's expansion program for the
liquids-rich Permian Basin. The program includes the Sand Hills Pipeline, a
major, new natural gas liquids pipeline that began providing takeaway service
from the Permian to fractionation facilities along the Texas Gulf Coast and the
Mont Belvieu, Texas, market hub earlier this summer.
DCP is working to expand its high-pressure gathering system, linking the
Goldsmith/Fullerton system with the Triad system for increased reliability and
flexibility in the Permian Basin. The company also continues to scope new plants
and build out assets for additional processing capacity and increased
reliability in the Permian.
Rawhide Plant and the gathering and compression systems augment DCP's existing
footprint in the Permian Basin, where the company now owns and operates 18
processing plants with a capacity of more than 1.3 billion cubic feet per day,
and produces about 120,000 barrels per day of NGLs.
DCP Midstream LLC leads the midstream segment as the second-largest natural gas
gatherer and processor, the largest natural gas liquids producer and one of the
largest marketers in North America. DCP Midstream operates in 18 states across
major producing regions. The company is a 50:50 joint venture between Spectra
Energy and Phillips 66. It owns the general partner of DCP Midstream Partners
LP, a master limited partnership, and provides operational and administrative
support to the partnership. DCP Midstream is the largest oil and gas company and
the largest private company in Denver, the city of its headquarters, and is the
Top Company Winner for Energy/Natural Resources in Colorado as recognized by
ColoradoBiz. For more information, visit the DCP Midstream website at
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Source: DCP Midstream Partners LP via Thomson Reuters ONE