DENVER, Dec. 04, 2018 (GLOBE NEWSWIRE) -- 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 HILLS
Sand 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, LP
DCP 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 Relations
Sarah Sandberg
(303) 605-1626