DCP Midstream Secures Agreements With Shale Producers

摘要

DCP Midstream LLC has signed long-term agreements with Pioneer joint venture partners- Pioneer Natural Resources USA Inc., Reliance Eagleford Upstream Holding LP and Newpek LLC. The agreement covers the gathering, processing, fractionation and marketing services of raw natural gas and gas liquids by DCP Midstream for the Pioneer JV's Eagle Ford shale production from more than 300,000 gross acres in Texas. In addition, DCP Midstream has executed a long-term gathering and processing agreement with a privately held producer for 33,000 acres of Eagle Ford development in Wilson and Karnes counties, TX. DCP Midstream will construct 130 miles of 16-, 20- and 24-inch gathering pipelines that will connect the Pioneer JV's and the privately held producer's central gathering points in south central Texas and other gas supply to DCP Midstream's existing area gathering and processing facilities. DCP Midstream plans to construct a sixth plant (Eagle gas plant) of 200 MMcf/d capacity and related natural gas liquids infrastructure, which is expected to be online in 2012, increasing the company's total capacity in the area to 1 Bcf/d.