DCP Midstream Eyes Eagle Ford Opportunities

摘要

DCP Midstream, LLC, headquartered in Denver, leads the midstream segment as one of the top three gatherers and processors of natural gas in the U.S. and as the largest natural gas liquids producer and one of the largest NGL marketers in the nation. It is a 50-50 joint venture between Spectra Energy and ConocoPhillips. DCP Midstream owns and operates the General Partnership of DCP Midstream Partners, LP, a master limited partnership created in December 2005 Though the company operates 61 plants, 10 fractionating sites and some 60,000 miles of gathering and transmission pipeline, it is the burgeoning Eagle Ford shale play in South Texas that is drawing much of the company's attention these days, according to Richard A. Cargile, president, Southern Business Unit, for DCP Midstream. To gain a perspective on DCP Midstream s size, the company gathers and/or transports an average of about 7.1 trillion British thermal units per day of natural gas; produces an average of 360,000 barrels per day of NGL; and markets and trades an average of over 480,000 barrels per day ofNGLs.