DCP Midstream, LLC and DCP Midstream Partners, LP to Review 2016 Financial Plan and Business Outlook at Spectra Energy Corp’s Analysts/Investor Meeting on February 4
DENVER, Jan. 27, 2016 (GLOBE NEWSWIRE) -- DCP Midstream, LLC and DCP Midstream Partners, LP (NYSE:DPM) will review their 2016 business financial plan and outlook during Spectra Energy Corp's analyst/investor meeting on Thursday, February 4, 2016. Wouter van Kempen, chairman, president and CEO of DCP Midstream and chairman and CEO of DCP Midstream Partners, will deliver remarks regarding both companies and then address audience questions.
The presentation is scheduled to begin at 8:30 a.m. ET and will be webcast via the Investors section of the Spectra Energy website. Interested parties can also call into the discussion by dialing (888) 252-3715 in the United States or (706) 634-8942 internationally. The conference ID is 7888893 or "Spectra Energy 2016 Plan." A replay of the call will be available until 5 p.m. ET, May 3, 2016, by dialing (800) 585-8367, and using the above conference ID. The international replay number is (404) 537-3406. A replay and transcript also will be available via the Investors sections of the Spectra Energy website. The presentation slides and transcript in PDF format will also be available by accessing the Newsroom and Investors sections, respectively, of the DCP Midstream and DCP Midstream Partners websites.
ABOUT DCP MIDSTREAM, LLC DCP Midstream, LLC leads the midstream segment as the largest natural gas processor, the largest natural gas liquids producer and one of the largest marketers in the U.S. DCP Midstream operates in 17 states across major producing regions. The company is a 50:50 joint venture between Phillips 66 and Spectra Energy. It owns the general partner of DCP Midstream Partners, LP (NYSE:DPM), a master limited partnership, and provides operational and administrative support to the partnership. DCP Midstream is the largest oil and gas company and the largest private company in Denver, the city of its headquarters. For more information, visit the DCP Midstream website at www.dcpmidstream.com.
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% 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.
(January 27, 2016 - 8:30 AM EST)
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
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