One-Page Deal Sheet
Phillips 66, Spectra Ink Deal to Strengthen DCP Midstream JV
DCP Midstream LP Phillips 66, Spectra Energy Corp.
Announced Date
September 08,2015
Transaction Type
JV
Location
Region
Rockies
Country
United States
State
Colorado
Transaction Details: Subscribe to see
Phillips 66 and Spectra Energy, 50/50 joint venture owners in DCP Midstream, LLC, have entered into a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is expected to provide DCP Midstream with a stronger balance sheet and increased financial flexibility, and positions DCP to grow through commodity price cycles.
Spectra Energy has agreed to contribute its ownership interest in both the Sand Hills and Southern Hills NGL pipelines. Phillips 66 has agreed to contribute $1.5 billion in cash, which is expected to be used to pay down a portion of the…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-21-2020 |
-  |
- |
Click here | North Dakota | Midstream |
| Jan-08-2020 |
- |
- |
Click here | Colorado | Midstream |
| Jul-30-2018 |
- |
- |
Click here | New Mexico | Midstream |
| Jan-13-2018 |
- |
- |
Click here | Wyoming | Midstream |
| Apr-04-2017 |
- |
- |
Click here | Midstream |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-18-2025 |
- |
- |
Click here | Colorado | E&P |
| Nov-03-2025 |
- |
- |
Click here | Colorado | E&P |
| Nov-03-2025 |
- |
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Click here | Colorado | E&P |
| Jul-10-2025 |
- |
- |
Click here | Colorado | E&P |
| Apr-10-2025 |
- |
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Click here | Colorado | E&P |