DCP Midstream LP
Transactions
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition
DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition
DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition
DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition
NGL Energy Partners Buys DCP's Gas Supply Resources Wholesale Propane Business
NGL Energy Partners Buys DCP's Gas Supply Resources Wholesale Propane Business
Kinder Morgan, DCP Midstream, Targa Jointly Develop Gulf Coast Express Pipeline Project
Kinder Morgan, DCP Midstream, Targa Jointly Develop Gulf Coast Express Pipeline Project
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New Financings
Announced the amendment and renewal of its revolving credit facility, which now includes sustainability-…
Wholly owned subsidiary DCP Midstream Operating LP priced an offering of 3.25% senior notes due 2032 at a…
Announced an amendment to its accounts receivable securitization facility with PNC Bank to include ESG-…
Priced an upsized offering of $500 million aggregate principal amount of 5.625% senior notes due 2027 at…
DCP Midstream LP announced today that its wholly owned subsidiary, DCP Midstream…
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News
Phillips 66 Leans into Midstream Growth Despite Elliott Activism
Phillips 66 grew its midstream segment so much that activist investor Elliott Management pushed to splinter the company—but the refining giant sees gold in moving NGLs.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
A&D Minute (Jan. 11, 2023): Phillips 66's Whopping $3.8 Billion NGL Investment [WATCH]
Also in this week's A&D Minute: What's fueling the multi-billion dollar midstream M&A spending spree? Plus, see what Hilcorp Alaska bid at a Cook Inlet lease sale.
DCP Midstream to Sell Interests to Phillips 66 for $3.8 Billion
The cash deal, which includes the assumption of debt, will increase Phillips 66’s interest in DCP Midstream to 86.8% and offer potential synergies of at least $300 million.
![A&D Minute (Aug. 24, 2022): The Marcellus in Oklahoma? [WATCH]](/sites/default/files/styles/image_480x320_3_2/public/image/2022/08/ad-minute-aug-24-2022-marcellus-oklahoma-watch.jpg?itok=OsA3TJjO)
A&D Minute (Aug. 24, 2022): The Marcellus in Oklahoma? [WATCH]
Also in this week’s A&D Minute: Warren Buffett receives the green light to buy half of Occidental Petroleum plus Phillips 66 offers a cash buyout to DCP Midstream in a “joint venture merger” with Enbridge.
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.
DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition
Denver-based DCP Midstream recently agreed to acquire the James Lake System from Woodland Midstream II, which increases DCP’s gathering capacity in the Permian Basin.
GPA Midstream Association Honors Three with Environmental Excellence Awards
DCP Midstream, Saudi Aramco and Energy Transfer honored for environmental achievements.
DCP Midstream Joins The Environmental Partnership
Gas processor commits to a clean energy future.
iPIPE Selects Orbital Sidekick as Partner for Pipeline Monitoring Project
Orbital Sidekick will provide targeted monitoring in the oil and gas industry to detect and prevent leaks.
DUG Midcontinent: In The Pipe; Shipper Spotlight
Pipeline operator DCP Midstream has a distinct perspective on flows to natgas and NGL demand centers. Here, Corey Walker, president of DCP operations, describes the marketplace today.
DCP Midstream Launches Methane Management Initiative with Kairos Aerospace
DCP Midstream LP and Kairos Aerospace Inc. revelaed a groundbreaking new methane management initiative across DCP’s portfolio of natural gas assets on July 6.
The Midstream 50: Consolidation Rattles the Rankings
The long-running contraction in the number of midstream players accelerated in 2019.
IDRs Near Extinction
Incentive distribution rights aren’t gone but prove increasingly rare.