SOURCE: Industrial Info Resources

Industrial Info Resources

November 19, 2013 06:15 ET

DCP Midstream Becomes No. 1 Natural Gas Processor & NGL Producer in U.S., Plans Billions in CapEx Growth, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 19, 2013) - Written by Edward Weatherly for Industrial Info Resources (Sugar Land, Texas) -- DCP Midstream LLC (Denver, Colorado), a joint venture between Phillips 66 (NYSE:PSX) (Houston, Texas) and Spectra Energy (NYSE:SE) (Houston), is now ranked as the No. 1 processor of natural gas and producer of natural gas liquids (NGLs) in the U.S. by Heart Energy in its annual industry rankings report. DCP processed an average 6.1 billion cubic feet per day (Bcf/d) of natural gas and produced approximately 401,914 barrels per day (BBL/d) of NGLs, representing 12% and 17%, respectively, of total U.S. production. Numerous gathering, processing and logistics projects amount to $5 billion to $7 billion in capital expenditures between now and 2015.

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