DCP Midstream’s Latest Expansion of Sand Hills Natural Gas Liquids Pipeline Now in Service
December 04 2018 - 8:30AM
Today, DCP Midstream, LP (NYSE: DCP) announced that the newly
expanded capacity of the Sand Hills natural gas liquids (NGL)
pipeline was placed in service December 1, 2018. This most recent
expansion of 45,000 barrels per day (bpd) brought the pipeline’s
total capacity to 485,000 bpd.
“As demand in the Permian continues to increase, DCP is meeting
the needs of our customers and capturing this growth through
today’s additional expansion of Sand Hills,” said Wouter van
Kempen, president, chairman, and CEO of DCP Midstream. “From
inception, the Sand Hills pipeline has been an incredible success
and this latest expansion enhances the value of our
producer-friendly pipe that offers flexibility and optionality
through multiple delivery points serving the Gulf Coast.”
ABOUT SAND HILLSSand Hills is an NGL pipeline
providing takeaway service from DCP and third-party plants in the
Permian and the Eagle Ford to fractionation facilities along the
Texas Gulf Coast and the Mont Belvieu market hub. The Sand Hills
Pipeline is owned two-thirds by DCP, and one-third by Phillips 66
Partners LP (NYSE:PSXP).
ABOUT DCP MIDSTREAM, LPDCP Midstream, LP (NYSE:
DCP) is a Fortune 500 midstream master limited partnership
headquartered in Denver, Colorado, with a diversified portfolio of
gathering, processing, logistics and marketing assets. DCP is one
of the largest natural gas liquids producers and marketers and one
of the largest natural gas processors in the U.S. The owner of
DCP’s general partner is a joint venture between Enbridge and
Phillips 66. For more information, visit the DCP Midstream, LP
website at www.dcpmidstream.com.
DCP Investor Relations
Irene Lofland
(303)
605-1822
DCP Media RelationsSarah
Sandberg(303) 605-1626
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