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2007 News & Events

This page contains press releases for DCP Midstream, LP. For DCP Midstream, LLC press releases, please click here.

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DateTitle  
12/19/07DCP Midstream Partners Announces Appointments to Its Board of Directors
DENVER, Dec. 19 /PRNewswire-FirstCall/ -- DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), or the General Partner, announced today the appointment of Thomas C. O'Connor and Willie C.W. Chiang as members of its board of directors. Mr. O'Connor currently serves as chairman of the board, president and CEO of DCP Midstream, LLC, the sole owner of the General Partner, and Mr. Chiang is senior vice president, commercial of ConocoPhillips. As previously announced, W... 
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12/03/07DCP Midstream Partners to Present at Wachovia's 2007 Pipeline and MLP Conference
DENVER, Dec. 3 /PRNewswire-FirstCall/ -- DCP Midstream Partners (NYSE: DPM), or the Partnership, announced today that Mark A. Borer, president and chief executive officer, will present at the 6th Annual Wachovia Capital Markets, LLC Pipeline & MLP Symposium at approximately 3:55 p.m. EST on Thursday, Dec. 6, 2007, at the Jumeirah Essex House in New York City. A slide presentation will be available Dec. 6 on the investor page of the Partnership's Website at http://www.dcppartners.com. DCP Midst... 
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11/12/07DCP Midstream Partners Announces Changes to Its Board of Directors
DENVER, Nov. 12 /PRNewswire-FirstCall/ -- DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, announced today the departure of Derrill Cody and John E. Lowe from the board of directors of DCP Midstream GP, LLC, and the appointment of Sigmund L. Cornelius as a member of its board of directors. Mr. Cornelius, who currently serves as senior vice president, planning, strategy and corporate affairs of ConocoPhillips, is replacing Mr. Lowe as a Con... 
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11/08/07DCP Midstream Partners to Participate in RBC Capital Markets 2007 MLP Conference
DENVER, Nov. 8 /PRNewswire-FirstCall/ -- DCP Midstream Partners (NYSE: DPM), or the Partnership, announced today that Mark A. Borer, president and chief executive officer, will present at the RBC Capital Markets 2007 MLP Conference at approximately 3:30 p.m. CST on Thursday, Nov. 15, 2007, at the Four Seasons Hotel Dallas in Las Colinas, Texas. The presentation will be Webcast live over the Internet and will be available via the Partnership's website at http://www.dcppartners.com/ (or directly ... 
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11/07/07DCP Midstream Partners Reports Third Quarter 2007 Results
- Steady operating results support healthy distributable cash flow and distribution increase  - $625 million in acquisitions closed year-to-date provide platform for future growth  Company Release - 11/07/2007 20:07 DENVER, Nov. 7 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and nine months ended September 30, 2007. In November 2006 the Partnership completed the acquisition of Gas Supply R... 
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10/24/07DCP Midstream Partners Declares Increase In Quarterly Distribution; Invites Investors to Third Quarter 2007 Earnings Call
DENVER, Oct. 24 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.55 per unit for the quarter ended Sept. 30, 2007. This represents an increase of 3.8 percent over the last quarterly distribution of $0.53 per unit paid on Aug. 15, 2007, and a 35.8 percent increase over the quarterly distribution paid for the third quarter of 2006 of $0.405 per unit. The quart... 
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09/14/07DCP Midstream Partners to Participate in UBS MLP Conference
DENVER, Sept. 14 /PRNewswire-FirstCall/ - DCP Midstream Partners (NYSE: DPM), or the Partnership, will participate in the UBS Master Limited Partnership Conference on Wednesday and Thursday, Sept. 19 and Sept. 20, 2007, in Las Vegas, Nev. Mark A. Borer, president and chief executive officer, and Tom E. Long, vice president and chief financial officer, will represent the Partnership at the conference. A slide presentation is available today on the investor page of the Partnership'... 
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08/29/07DCP Midstream and DCP Midstream Partners Complete Acquisitions
DCP Midstream purchases Momentum Energy Group Inc. (MEG) for $635 million DCP Midstream Partners purchases certain MEG assets from general partner for $165 million DENVER, Aug. 29 /PRNewswire-FirstCall/ -- DCP Midstream, LLC, or DCP Midstream, has completed its previously announced acquisition of the stock of MEG for $635 million, subject to closing adjustments. MEG is a portfolio company of investment firms including Yorktown Energy Partners LLC, Banc of America Capital Investors and Lehm... 
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08/29/07DCP Midstream Partners Closes $100 Million Private Placement of Common Units
DENVER, Aug. 29 /PRNewswire-FirstCall/ -- DCP Midstream Partners (NYSE: DPM), or the Partnership, today announced it has closed the previously announced agreement to privately place $100 million of common units representing limited partner interests in the Partnership. The closing of the sale was concurrent with the closing of the Partnership's $165 million acquisition from DCP Midstream, LLC of certain subsidiaries of Momentum Energy Group Inc. (MEG) that DCP Midstream, LLC acquired in a se... 
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08/08/07DCP Midstream Partners Reports Second Quarter 2007 Results
Expanding midstream footprint provides platform for continued growth 14% increase in quarterly distribution reflects solid performance from base business and expected contributions from acquisitions DENVER, Aug. 8 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and six months ended June 30, 2007. In November 2006 the Partnership completed the acquisition of Gas Supply Resource... 
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07/25/07DCP Midstream Partners Declares Increase in Quarterly Distribution; Invites Investors to Second Quarter 2007 Earnings Call
DENVER, July 25 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.53 per unit for the quarter ended June 30, 2007. This represents an increase of 14.0 percent over the last quarterly distribution of $0.465 per unit paid on May 15, 2007, and a 39.5 percent increase over the quarterly distribution paid for the second quarter of 2006 of $0.38 per unit. The quart... 
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07/11/07DCP Midstream Partners Announces New Board Member
DENVER, July 11 /PRNewswire-FirstCall/ -- DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, announced today the election of Stephen R. Springer as an outside director of its board of directors. Mr. Springer, 60, has over thirty years experience in the energy industry. He began his career at Texas Gas Transmission Corporation, where he served in a variety of executive management positions within gas acquisitions and gas market... 
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07/02/07DCP Midstream Partners Completes $270 Million Acquisition from General Partner
DENVER, July 2 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, has completed its previously announced acquisition of partial ownership interests in DCP East Texas Holdings, LLC and Discovery Producer Services LLC from DCP Midstream, LLC, the owner of the Partnership's general partner, for consideration of $270 million prior to customary purchase price adjustments. The acquisition was effective July 1, 2007 and will be immediately accretive to the ... 
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06/21/07DCP Midstream Partners Expands and Extends Credit Facility
DENVER, June 21, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, announced today that it has amended its credit facility to increase the total available borrowing capacity up to $850 million and extend the term. The capacity under its principal revolving credit facility was increased from $350 million to $600 million and the Partnership secured $250 million of term loan capacity to facilitate borrowing at preferential rate... 
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06/20/07DCP Midstream Partners Enters Agreement for $130 Million Private Placement of Common Units
DENVER, June 20 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today announced it has entered into a private placement agreement with a group of institutional investors for $130 million, representing 3,005,780 common limited partner units in the Partnership at a price of $43.25 per unit. The private placement is expected to close on June 22, 2007. The Partnership will use the net proceeds from this private placement to pay down a portion of t... 
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05/23/07DCP Midstream Partners Agrees to Acquire Equity Interests From General Partner in $270 Million Transaction
DENVER, May 23 /PRNewswire/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today announced that it has signed an agreement to acquire partial interests in DCP East Texas Holdings, LLC and Discovery Producer Services LLC from DCP Midstream, LLC, the owner of the Partnership's general partner. The $270 million transaction, which is $20 million higher than was previously announced, is subject to customary purchase price adjustments and is expected to close July 2, 2007. ... 
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05/21/07DCP Midstream Partners Enters Agreement for $100 Million Private Placement of Common Units
DENVER, May 21, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream Partners (NYSE: DPM), or the Partnership, today announced it has entered an agreement to privately place $100 million of common units representing limited partner interests in the Partnership. The closing of the sale is conditioned on the closing of the Partnership's planned $165 million acquisition from DCP Midstream, LLC of certain subsidiaries of Momentum Energy Group, Inc. (MEG) that DCP Midstream, LL... 
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05/21/07DCP Midstream and DCP Midstream Partners Announce Acquisitions
* DCP Midstream Expands Operating Footprint Into New Basins With $635 Million Acquisition * DCP Midstream Partners Agrees to Acquire Certain Assets From General Partner for $165 MillionDENVER, May 21, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream, LLC today announced an agreement to acquire the stock of Momentum Energy Group Inc. (MEG) for $635 million, subject to closing adjustments. MEG is a portfolio company of investment firms including Yorktown Energy Partners LLC... 
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05/09/07DCP Midstream Partners Reports First Quarter 2007 Results
DENVER, May 9, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream Partners, LP (NYSE: DPM) today reported financial results for the three months ended March 31, 2007. In November 2006 the Partnership completed the acquisition of Gas Supply Resources (GSR) from DCP Midstream, LLC, the owner of our general partner. The results of operations include the historical results of GSR for all periods presented. Earnings for periods prior to the acquisition of GSR are allocated t... 
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05/09/07DCP Midstream Partners Completes Acquisition of Oklahoma Natural Gas Gathering System
DENVER, May 9 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) has completed its previously announced acquisition of certain natural gas gathering and compression assets in Oklahoma from Anadarko Petroleum Corporation (NYSE: APC) for $180.3 million in cash, subject to customary purchase price adjustments. The midstream assets have historically gathered approximately 25 MMcf per day of production in Grady, Garvin and McClain counties in Oklahoma and deliver the unpr... 
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04/30/07DCP Midstream Partners Completes Transition to New Chairman
DENVER, April 30, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream GP LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today announced the resignation of Jim W. Mogg and appointment of Fred J. Fowler as the chairman of its board of directors, according to the previously announced transition. Mr. Fowler is president and chief executive officer of Spectra Energy Corp, which has a 50 percent ownership in DCP Midstream LLC, the owner o... 
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04/25/07DCP Midstream Partners Declares Increase in Quarterly Distribution; Invites Investors to First Quarter 2007 Earnings Call
DENVER, April 25 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.465 per unit for the quarter ended March 31, 2007. This represents an increase of 8.1 percent over the last quarterly distribution of $0.43 per unit paid on Feb. 14, 2007, and a 32.9 percent increase over the quarterly distribution paid for the first quarter of 2006 of $0.35 per unit. The quar... 
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03/07/07DCP Midstream Partners to Acquire Oklahoma Natural Gas Gathering System for $180.25 Million
DENVER, March 7 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced an agreement to acquire certain natural gas gathering and compression assets in Oklahoma from Anadarko Petroleum Corporation (NYSE: APC) for $180.25 million in cash, subject to customary purchase price adjustments. The midstream assets have historically gathered approximately 25 MMcf per day of production in Grady, Garvin and McClain counties in Oklahoma and deliver t... 
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03/05/07DCP Midstream Partners to Present at 2007 Master Limited Partnership Investor Conference
DENVER, March 5 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM; the Partnership) announced today that Mark A. Borer, President and Chief Executive Officer, will speak at the National Association of Publicly Traded Partnerships 2007 Master Limited Partnership Investor Conference at 8:30 a.m. (ET) on Wednesday, March 7, 2007 at the Jumeirah Essex House in New York City. Interested parties can listen to a live audio web cast of the Partnership's presentation and down... 
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02/21/07DCP Midstream Partners Reports Fourth Quarter and Year End 2006 Results
DENVER, Feb. 21 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) today reported financial results for the three and twelve months ended December 31, 2006. On December 7, 2005, DCP Midstream Partners, LP (the Partnership) completed its initial public offering of common units. Earnings for periods prior to the date of the initial public offering are attributable to predecessor operations, which consists of subsidiaries and assets of DCP Midstream, LLC (formerly Duke Ene... 
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01/24/07DCP Midstream Partners Declares Increase in Quarterly Distribution; Invites Investors to Fourth Quarter and Year End 2006 Earnings Call
DENVER, Jan 24, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.43 per unit for the quarter ended Dec. 31, 2006. This represents an increase of 6.2 percent over the last quarterly distribution of $0.405 per unit paid on Nov. 14, 2006, and a 22.9 percent increase over the minimum quarterly distribution of $0.35 per unit set forth in t... 
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