DCP MIDSTREAM TO EXPAND SOUR PROCESSING CAPACITY
WITH NEW 200 MMCF/D PLANT IN LIQUIDS-RICH PERMIAN BASIN
DENVER, March 19, 2014 - DCP Midstream, LLC announced today capital investments that will support the need by producers for further infrastructure in the rapidly expanding Permian Basin. DCP Midstream will construct a 200 million cubic foot per day (MMcf/d) sour natural gas processing plant, Zia II Plant, in Lea County, N.M., with associated gathering system expansions to service producers in both southeast New Mexico and west Texas regions of the Permian Basin.
"Our continued investment in the Permian totals over $1.7 billion in the past three years with the Rawhide Plant and the Sand Hills NGL pipeline, both of which went into service recently," said Greg Smith, president of DCP Midstream`s Permian and North business units. "This project will succeed in significantly increasing our gathering and processing capacity in this area and greatly improve our overall system reliability."
In addition to the Zia II Plant, the project includes front-end treating for sour gas, two acid gas injection wells, a 50-mile, 20-inch high pressure trunk line that will intersect DCP Midstream`s existing New Mexico gathering system, and new high-pressure pipelines and compression in west Texas. The project is expected to be in commercial operation during the first half of 2015.
The Zia II Plant and new gathering systems will augment DCP Midstream`s existing footprint in the Permian Basin, where the company owns and operates 18 gas processing plants with a capacity of more than 1.3 Bcf/d and produces in excess of 130,000 barrels per day of natural gas liquids.
For more information about the plants and pipelines mentioned in this release, visit http://www.dcpmidstream.com/newsroom/media-kits.
ABOUT DCP MIDSTREAM, LLC
DCP Midstream, LLC leads the midstream segment as the largest natural gas processor, the largest natural gas liquids producer and one of the largest marketers in the U.S. DCP Midstream operates in 18 states across major producing regions. The company is a 50:50 joint venture between Phillips 66 and Spectra Energy. It owns the general partner of DCP Midstream Partners, LP (DPM), 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 www.dcpmidstream.com.
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Source: DCP Midstream Partners LP via GlobeNewswire