$28B deal won't change Denver's DCP Midstream much

The $28 billion deal for Houston’s Spectra Energy Corp., the 50 percent owner of DCP Midstream LLC, by Canada’s Enbridge Inc. is unlikely to mean much change at the Denver natural gas processor, a Spectra spokesman said Tuesday.

Spectra is a 50-50 partner with Phillips 66 in the ownership of Denver-based DCP Midstream LLC, the general partner company of DCP Midstream Partners LP (NYSE: DPM).

Known as DCP, the company employs about 2,900 people in the 17 states where the company gathers and processes natural gas.

DCP is the biggest processor of natural gas in the nation, as well as the biggest processor in Colorado’s Denver-Julesburg Basin north of Denver.

Read more at the Denver Business Journal: http://bizj.us/1o4f0s
 
(© 2016 American City Business Journals. All rights reserved.)
 

 


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