DCP Midstream: Difference between revisions
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==Ownership and Revenue== | ==Ownership and Revenue== | ||
Their main fractionation facilities are located in Colorado, Louisiana, and Texas. DCP is also a joint venture between [[Phillips 66]], and [[Enbridge]] and is a Fortune 500 company. Enbridge owns 13.2% of its indirect economic interest. | Their main fractionation facilities are located in Colorado, Louisiana, and Texas. DCP is also a joint venture between [[Phillips 66]] which acquired it for $3.8 billion, and [[Enbridge]] and is a Fortune 500 company. Enbridge owns 13.2% of its indirect economic interest. The company is currently Colorado's largest oil and gas employer at 1,800 employees earlier on January 25 of 2023; the company announced its plan to lay off 136 employees which raised concerns. | ||
According to the company's Wikipedia in 2015, it had an economic value of more than $6 billion then reaching $9.8 billion in 2018 and 628 employees providing support, denominating it the largest midstream petroleum company in the United States. | According to the company's Wikipedia in 2015, it had an economic value of more than $6 billion then reaching $9.8 billion in 2018, and 628 employees providing support, denominating it the largest midstream petroleum company in the United States. | ||
Revision as of 23:19, 2 February 2023
DCP Midstream is headquartered in Denver, CO with Wouter T. van Kempen as CEO; DCP is a fossil gas producer that gathers, treats, compresses, processes, and transports to markets and stores. It has 11 fractionating facilities and is considered a market leader for separating NGLs from raw fossil gas, according to Enbridge report "fractionates" the liquids into its individual ethane, propane, butane, and gasoline components. [1]
Ownership and Revenue
Their main fractionation facilities are located in Colorado, Louisiana, and Texas. DCP is also a joint venture between Phillips 66 which acquired it for $3.8 billion, and Enbridge and is a Fortune 500 company. Enbridge owns 13.2% of its indirect economic interest. The company is currently Colorado's largest oil and gas employer at 1,800 employees earlier on January 25 of 2023; the company announced its plan to lay off 136 employees which raised concerns.
According to the company's Wikipedia in 2015, it had an economic value of more than $6 billion then reaching $9.8 billion in 2018, and 628 employees providing support, denominating it the largest midstream petroleum company in the United States.