DCP Midstream and DCP Midstream Partners on Friday announced
the construction of a new cryogenic
plant that will serve growing demand from producers in the
liquids rich and prolific Eagle Ford shale in Texas.
The new Goliad plant will be constructed and funded by the
previously announced DCP Eagle Ford joint venture formed on
Nov. 1, which is owned two-thirds by DCP Midstream and
one-third by DCP Midstream Partners.
The Goliad plant will have gas
processing capacity of 200 million cubic feet/day and will
become part ofthe DCP Eagle Ford system, providing Eagle Ford
producers one-stop service from the plant tailgate to Gulf
Coast market centers.
The Goliad plant is expected to be completed by the first
quarter of 2014.
The DCP Midstream enterprise continues to execute on
its impressive slate of growth projects underpinnedby solid
contracts in liquids-rich areas, said Wouter van Kempen,
president and chief operating officer of DCP Midstream.
Through co-investment with DCP Midstream Partners andthe
recent transaction on the pipelines with Phillips 66 and
Spectra Energy, we can continue to fund our projects and create value to all our
The Goliad plant is another great example of
co-investment with our general partner, added Bill
Waldheim, president of DCP Midstream Partners. Including
this transaction, this brings our 2012 co-investment to over $1
Goliad is the seventh plant in South Texas owned by the DCP