Only 30 mmscfd on the $56mm 20 inch lateral sized for 170mmscfd per Bores MPL conference today.

Not much for $56MM ....

Tough to maintain dividend on loss leader projects.


See below

DCP Midstream Partners and DCP Midstream Initiate Service on New Pipeline Extension in East Texas

Company Release - 05/06/2009 17:15

DENVER, May 6 /PRNewswire-FirstCall/ -- On May 1, DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) and DCP Midstream, LLC, began service of a new gas gathering pipeline in southern Panola County, Texas that is owned by their East Texas joint venture. The $56 million pipeline, announced in August 2008, extends the joint venture's gathering footprint to access dedicated volumes from the Minden Field in Rusk County and surrounding areas.


The 30-mile, 20-inch pipeline with a designed capacity of 175 million cubic feet per day (MMcf/d) will gather gas for processing at the joint venture's East Texas complex.

"East Texas continues to be a dynamic area with promising potential for increased production from the Haynesville Shale and other resource plays," said Mark Borer, president and chief executive officer of the Partnership. "This project is another example of how we work with DCP Midstream to strategically position our assets to keep pace with development and anticipate customer needs. Our new pipeline accesses volumes currently flowing to a third party, so it will provide immediate cash flows to the joint venture."


SOURCE DCP Midstream Partners, LP; DCP Midstream, LLC

Contact: Media and Investor Relations, Karen L. Taylor, +1-303-633-2913, 24-Hour, +1-303-809-9160, for DCP Midstream Partners, LP and DCP Midstream, LLC