DCP Midstream’s DJ Basin bet doubles its Colorado pipeline capacity

DCP_Midstream_LogoBy Mark Jaffe – The Denver Post – December 28, 2014

Wouter van Kempen arrived at Denver-based DCP Midstream LLC, the country’s largest natural gas processor and liquefied natural gas producer, just as the shale drilling boom took off in 2010.

While drillers scrambled across Colorado’s Denver-Julesberg Basin, boosting the state’s oil and gas production to levels not seen in decades, DCP set about putting in the infrastructure to get the gas and liquids out of the state.

During that time, van Kempen worked his way up the corporate ladder, becoming CEO in 2013.

In the past four years DCP has spent about $1 billion on plants and pipelines in Colorado, van Kempen said.

“We put a lot of capacity in the DJ Basin and have an opportunity to put more plants in the next 18 months,” said van Kempen.

The company has doubled its natural gas processing capacity to 600 million cubic feet a day and liquid natural gas capacity to 50,000 barrels a day.

It projects spending up to another $1.5 billion in Colorado by 2016, according to an RBC Capital Markets investor presentation.

Continue reading story at The Denver Post

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