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DCP Midstream Announces Startup for First Phase of Anadarko-Woodford Shale Play Expansion

May 28, 2009

DENVER, May 28 /PRNewswire-FirstCall/ — DCP Midstream, LLC today announced the startup of new facilities servicing Anadarko-Woodford Shale resource play development in Oklahoma’s Blaine and Canadian counties.

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The installation of a new high-pressure booster, with associated gathering and discharge pipelines, is the first phase of DCP Midstream’s continued development in central Oklahoma. The new facilities complement existing infrastructure and are well positioned to expand as development continues. Initially, 15 million cubic feet per day (MMcf/d) of capacity will be added and is easily expandable. The new gas volumes will be delivered to DCP Midstream’s Okarche plant for processing and extraction of natural gas liquids.

“Completion of these facilities is the beginning of a series of developments we’re taking to expand our Central Oklahoma gathering and processing system and provide reliable service for the growing production from producers in Anadarko-Woodford Shale,” said William Waldheim, group vice president of commercial for DCP Midstream, LLC. “These facilities will enhance the existing gathering system and allow us to better handle the high-volume shale development.”

Producers are actively positioning themselves in the Anadarko-Woodford Shale and initial production rates are quite promising. Overall, reports indicate development is on an upward trend in this area.

DCP Midstream continues to expand and make well connects in active shale plays such as Barnett and Haynesville. Earlier this month, the company announced the start of service of a new pipeline extension in East Texas with its joint venture partner, DCP Midstream Partners, LP which will service traditional Cotton Valley formation wells and positions the company for the development of the Haynesville Shale in East Texas. Already DCP Midstream has made about a dozen well connects in the area to support producers continuing to define the Haynesville formation.

DCP Midstream, LLC, headquartered in Denver, Colorado, leads the midstream segment as one of the nation’s top three largest natural gas gatherers and processors, and the largest natural gas liquids producer and one of the largest marketers in the U.S. DCP Midstream operates in 17 states across producing regions. DCP Midstream is a 50:50 joint venture between Spectra Energy and ConocoPhillips. The Company owns the General Partner of DCP Midstream Partners, LP, a master limited partnership, and provides operational and administrative support to the partnership. For more information, visit the DCP Midstream, LLC Web site at www.dcpmidstream.com

SOURCE DCP Midstream, LLC


Source: newswire



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