DCP Midstream Partners Company Description
DCP Midstream Partners, the publicly traded entity of DCP Midstream LLC, is one of the largest natural gas gatherers in North America and also the largest producer and one of the largest marketers of natural gas liquids (NGLs). Following the spin off of Spectra Energy from Duke Energy, Spectra Energy assumed Duke Energy's 50% holding in DCP (ConocoPhillips holds the other 50%). It also engages in natural gas compressing, treating, processing, transporting, and selling. DCP Midstream LLC also transports and sells NGLs and distributes propane wholesale. It operates six natural gas gathering systems (primarily in Arkansas, Louisiana, Oklahoma, and Texas), three NGL pipelines, and eight propane storage terminals.
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The Company Description provides a historical perspective of DCP Midstream Partners's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of DCP Midstream Partners's evolution in the marketplace.
