DCP Midstream and DCP Midstream Partners Announce Operational Update to East Texas Processing Comple
Company Release - 02/12/2009 13:16
DENVER, Feb. 12 /PRNewswire-FirstCall/ -- DCP Midstream, LLC and its master limited partnership DCP Midstream Partners, LP (NYSE: DPM), today announced their jointly owned natural gas processing complex and residue natural gas delivery system known as the Carthage Hub, both located near the town of Carthage in East Texas, have been temporarily shut in following an explosion and fire that occurred when a nearby third party owned pipeline outside its property line ruptured at approximately 10:00 a.m. CST yesterday.
DCP Midstream employees immediately shut down the plant, blocked in all pipelines feeding the complex, and evacuated the premises. No employees or contractors were injured in the incident.
There was no damage to the natural gas processing complex. A company-assembled investigation team is on site to assess damages to the Carthage Hub and determine the scope of work to return the facilities to service.
"We are thankful no one was injured in this incident and commend our employees for their immediate response, shutting down the facilities to ensure safety for themselves and others in the area," said Richard Cargile, group vice president, operations, of DCP Midstream. "We will seek to return our operations to service as soon as we are able to safely do so."
The East Texas processing complex has a processing capacity of approximately 780 million cubic feet per day (MMcf/d) with recent throughput of approximately 550 MMcf/d. The Carthage Hub has approximately 1.5 billion cubic feet per day of delivery capacity. The East Texas facilities are operated by DCP Midstream and owned 75 percent by DCP Midstream and 25 percent by DCP Midstream Partners.
DCP Midstream, LLC, headquartered in Denver, Colorado, leads the midstream segment as one of the nation's largest natural gas gatherers and processors, and the largest natural gas liquids (NGLs) producer. DCP Midstream operates in 16 states across the five largest natural gas producing regions in the United States. DCP Midstream is a 50-50 joint venture between Spectra Energy and ConocoPhillips. DCP Midstream 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 http://www.dcpmidstream.com.
DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership that gathers, treats, processes, transports and markets natural gas, transports and markets natural gas liquids, and is a leading wholesale distributor of propane. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between Spectra Energy and ConocoPhillips. For more information, visit the DCP Midstream Partners, LP Web site at http://www.dcppartners.com.
SOURCE DCP Midstream, LLC; DCP Midstream Partners, LP
Contact: Karen L. Taylor of DCP Midstream Partners, LP, +1-303-633-2913, 24-Hour, +1-303-809-9160
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