TULSA, Okla.--(BUSINESS WIRE)--Feb. 9, 2015--
Williams
(NYSE: WMB), through its general partner ownership of Williams Partners
(NYSE: WPZ), today announced with DCP Midstream Partners, LP (NYSE: DPM)
that the new extended Discovery natural gas gathering pipeline system is
now flowing natural gas. The Keathley Canyon ConnectorTM
deepwater gas gathering pipeline system and the South Timbalier Block
283 junction platform are serving producers in the central
ultra-deepwater Gulf of Mexico.
The 20-inch, 209 mile Keathley Canyon Connector, which is capable of
gathering more than 400 million cubic feet per day (MMcf/d) of natural
gas, originates in the southeast portion of the Keathley Canyon
protraction area and terminates into Discovery’s 30-inch diameter
mainline at Discovery’s new junction platform. The pipeline was
constructed in depths of up to 7,200 feet of water approximately 300
miles south-southwest of New Orleans.
“Building a pipeline in challenging terrain at this depth is incredibly
complex, and I applaud our project team for their commitment to
completing the project in a safe, environmentally responsible and timely
manner,” said Rory Miller senior vice president of Williams’
Atlantic-Gulf operating area. “True to our vision of developing smart,
large-scale solutions to move gas to market, we’ve built a highly
reliable and cost-effective connection from deepwater production to our
onshore Larose gas processing plant and Paradis fractionator.”
The Keathley Canyon Connector extension is supported by long-term
agreements with the Lucius and Hadrian South owners, as well as the
Heidelberg and Hadrian North owners, for natural gas gathering,
transportation and processing services for production from those fields.
In addition, the new pipeline system is in proximity to other
high-potential deepwater Gulf of Mexico discoveries and prospects.
“With the startup of the Keathley Canyon pipeline the Discovery joint
venture is now ready to serve the growing production needs of our
deepwater producers. As partners in the project, Williams and DPM are
now positioned to significantly benefit from its world class deepwater
gathering system,” said Bill Waldheim, President of DCP Midstream
Partners. “This is a great fee-based asset which will generate strong
distributable cash flows for DPM.”
In addition to the offshore gathering system, the Discovery system
includes the 600 MMcf/d Larose natural gas processing plant providing
market outlets to six interstate/intrastate gas pipelines and the 35,000
BBL/d Paradis fractionation facility.
Williams owns the controlling interest in and is the general partner of
Williams Partners L.P., which owns 60 percent of the Discovery system
and operates it. DCP Midstream Partners, LP owns the remaining 40
percent of the Discovery system.
About DCP Midstream Partners, LP
DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited
partnership engaged in the business of gathering, compressing, treating,
processing, transporting, storing and selling natural gas; producing,
fractionating, transporting, storing and selling NGLs and recovering and
selling condensate; and transporting, storing and selling propane in
wholesale markets. DCP Midstream Partners, LP is managed by its general
partner, DCP Midstream GP, LP, which in turn is managed by its general
partner, DCP Midstream GP, LLC, which is 100 percent owned by DCP
Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy.
For more information, visit the DCP Midstream Partners, LP website at www.dcppartners.com.
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure to connect North American natural gas and natural gas
products to growing demand for cleaner fuel and feedstocks.
Headquartered in Tulsa, Okla., Williams owns the general partner of and
controlling interest in Williams Partners L.P. (NYSE: WPZ), an
industry-leading master limited partnership with operations across the
natural gas value chain from transportation and processing to petchem
production of ethylene, propylene and other olefins. With positions
across top U.S. supply basins and also in Canada, Williams Partners owns
and operates more than 33,000 miles of pipelines system wide – including
the nation’s largest volume and fastest growing pipeline – moving
approximately 20 percent of U.S. natural gas for clean-power generation,
home heating and industrial use. In addition to gathering, processing,
transportation and storage of natural gas and natural gas liquids,
Williams Partners is positioned to connect abundant domestic supplies
with international markets. www.williams.com
Portions of this document may constitute “forward-looking statements”
as defined by federal law. Although the company believes any such
statements are based on reasonable assumptions, there is no assurance
that actual outcomes will not be materially different. Any such
statements are made in reliance on the “safe harbor” protections
provided under the Private Securities Reform Act of 1995. Additional
information about issues that could lead to material changes in
performance is contained in the company’s annual reports filed with the
Securities and Exchange Commission.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150209006364/en/
Source: Williams and DCP Midstream Partners, LP
Williams
Media Contact:
Tom Droege, 918-573-4034
or
Investor
Contacts:
John Porter, 918-573-0797
or
Brett Krieg,
918-573-4614
or
DCP Investor Relations:
Andrea
Attel, 303-605-1741