CEOs Talk About Solving DJ Takeaway Problems that Plague Northern Colorado’s Producers
May 10, 2018
Companies in the Wattenberg can’t accurately evaluate the performance of wells that are continuously choked back or temporarily shut in due to lack of pipeline capacity Producers forced to constrain production During their recent Q1 earnings calls, Bart Brookman, president and CEO of PDC Energy (ticker: PDCE), Lynn Peterson, chairman and CEO of SRC Resources (ticker: SRCI) and Wouter van
$1.7 Billion Gulf Coast Express Pipeline Gets FID, Apache Makes Agreement for Incremental Takeaway
December 21, 2017
Earlier today Kinder Morgan Texas Pipeline LLC (KMTP), DCP Midstream, LP (Ticker: DCP) and an affiliate of Targa Resources Corporation (Ticker: TRGP) announced a final investment decision (FID) to proceed with the Gulf Coast Express Pipeline Project (GCX Project). The companies executed definitive joint venture agreements and also secured sufficient firm transportation agreements with shippers. Roughly 85% of the project
Phillips 66 Announces CapEx Budget for 2018
December 11, 2017
Phillips 66 (ticker: PSX) recently announced its 2018 capital budget of $2.3 billion, which includes $1.4 billion of growth capital and $0.9 billion of sustaining capital. In midstream, the company plans to invest $1.2 billion, including $1 billion of growth capital in its natural gas liquids and transportation businesses. Phillips 66 said that the Beaumont Terminal is still undergoing expansion
Moving NatGas Liquids out of the Permian: Major Expansion Coming to DCP Midstream Sand Hills Pipeline
June 1, 2017
DCP Midstream (ticker: DCP) announced this week it will be expanding its Sand Hills natural gas liquids pipeline by 85 MBPD up to approximately 450 MBPD. DCP will be investing $105 million towards long lead equipment and securing right of way, according to its press release. The expansion will include partial looping and the addition of seven new pump stations.
DCP Midstream Partners Reports Q2
August 5, 2015
DCP Midstream Partners Reports Second Quarter 2015 Results Reported Adjusted EBITDA of $150 million, up 36 percent from the second quarter of 2014 Generated Distributable Cash Flow of $141 million, up 52 percent from the second quarter of 2014, resulting in a distribution coverage ratio of 1.17 times in the second quarter of 2015 Declared quarterly distribution of $0.78 per
DCP Midstream Announces $0.78 per Unit Distribution
July 28, 2015
DCP Midstream Partners Announces Quarterly Distribution DCP Midstream Partners, LP (DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended June 30, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and represents an increase of
DCP Midstream Announces Distribution
April 28, 2015
DCP Midstream Partners Announces Quarterly Distribution DCP Midstream Partners, LP (DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended March 31, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and reflects the current industry
