INVESTOR PRESENTATION November 2014 DPM Mobile IR App now available from the App Store Download: dcp midstream partners ir
DCP Enterprise Midstream Leader Second Straight Year 1 NGL Producer (3) 1 Gas Processor (3) 3 Pipeline Operator (3) Note: All ownership percentages and asset statistics are as of September 30, 2014 (1) Source:…
Industry Leading Position 64 Plants(1) Growth for Growth 67,800 miles of Pipeline(1) Strategy is paying off 2010 9/30/2014 DCP Midstream Antrim Total Asset Growth: 65% DJ Basin Lucerne 2(2) OConnor Mewbourn Marcellus…
DCP Growth in All Basins DJ Basin/Wyoming/North YTD 9/30/14 Net Processing CapEx NGL Production Capacity Opportunity MBPD Bcf/d(1) B (2014e-2016e)(2) Permian 140 1.5 1.0 - 1.5 Douglas, WY DJ Basin/Wyoming/North(3) 55 1.0 1.0 -…
Our Transformation 2010 2014 2016+ Lucerne 2 OConnor Douglas, WY Douglas, WY Douglas, WY Wattenberg Mewbourn Wattenberg Wattenberg Conway Conway Conway National Helium Front Range Front Range Texas Express Texas Express…
DPM - A Growth Story 5/2007 7/2007 8/2007 7/2010 1/2011 2011 4/2012 1/2012 3/2012 11/2009 1/2010 Southern Discovery Douglas / Black SE Texas Wattenberg Texas Express East Texas SE Texas Michigan Wattenberg OK System 40% Collbran…
DPM Capital and Distribution Outlook 2.0B 3 - 5B 2014 Distribution Outlook 2014e 2016e potential 2014e 2016e potential organic projects dropdowns from DCP 2014 distribution 2014 DCF target growth target 435-450MM 7% (MM) 2014e…
Natural Gas Services Key Highlights Michigan Strong growth from expanding asset Wyoming System base in the Eagle Ford, East Texas, DJ Basin and Discovery System Lucerne 1 Plant Lucerne 2 Plant DJ Basin System Natural Gas…
DPM in the Eagle Ford Eagle Ford Gas Production Rig Counts(1) (Bcf/d)(1) 212 Giddings 5.2 Eagle Ford Horizontal 90 Vertical 0.1 Wilcox 2010 2014 2010 2014 (2) DCP Infrastructure Eagle Processing Capacity (Bcf/d) 0.8 1.2…
DCP Enterprise in the DJ Basin Wyoming Strong horizontal drilling by key producers Colorado DJ Basin Production (Bcf/d)(1) DJ Basin Rig Counts(1) 1.0 Horizontal Douglas, WY 0.7 Vertical 69 Eaton 41 Lucerne 1 Lucerne 2…
NGL Pipeline Opportunities New Mexico Sand Hills Extended Reach Lea County Lateral Opportunity Lea County lateral extends Sand Hills into New Mexico Red Bluff Lake Lateral extends Spraberry Sand Hills into the prolific Red Bluff…
Wholesale Propane Logistics Wholesale Propane Logistics Stats(1) Key Highlights Owned/Leased Terminals: 6 rail, 2 marine,1 pipeline Net Storage Capacity: 975 MBbls Completed contracting for the 2014/2015 winter heating season…
DPM - Capital Efficiency Eagle Ford volumes up 20% from Q313 DJ System driving strong results Eagle Ford System O'Connor Plant Total Throughput (MMcf/d) Total Throughput (MMcf/d) 1,100 90% 160 95% Q314 System Q314 Plant 1,000…
Managing DPMs Contract Portfolio 2008 85% fee or Recent Fee-Based Dropdowns/Projects since 2012: Significant Growth in Existing Fee-Based Assets hedged Hedged Mont Belvieu Fracs 70% 40% Unhedged Texas Express 55% 15% NGL…
Funding Enterprise Growth Liquidity Progression (Includes credit facilities, debt and equity issuances since 2011, and includes equity issued to DCP Midstream) 1.25B Credit 3.1B Facility 2.1B in in Equity Debt Dec-11…
Summary Achieve scale & scope across the value chain FULLY INTEGRATED MIDSTREAM PROVIDER Increase fee based earnings Drop, build, or buy DPM funding DCP enterprise growth GROWTH FOR GROWTH STRATEGY 4 - 6B(1)of enterprise…
Supplemental Information Appendix 21
DCP Enterprise in the Permian (1) (1) Permian Gas Production (Bcf/d) Permian Rig Counts 5.0 439 Horizontal NEW MEXICO 4.4 Vertical NEW MEXICO 160 Linam Ranch Pecos Diamond Zia II 2010 2014 Antelope Ridge Rawhide Permian…
DCP Enterprise in the Midcontinent Growth Across the Midcontinent Asset Wattenberg Kansas Midcontinent Production (Bcf/d) (1) Midcontinent Rig Counts (1) 8.1 250 Ladder Creek Conway 7.3 Horizontal 103 Vertical Colorado…
DPMs East Texas System East Texas Significant contributor to DPMs Natural Gas Services earnings 2014 (1) DCP Infrastructure Processing Capacity (MMcf/d) 750 NGL Production (Bbls/d) 34,000 Crossroads The East Texas System…
DPMs Discovery System Larose Methanol Extraction Keathley Canyon Connector Expansion of DPMs 40% ownership of Discovery Discovery System 215 miles: new 20 diameter deep water gas pipeline Existing Platform Pre-commissioning…
Commodity Hedge Position Overall 95% fee-based/hedged in 2014 55% fee-based 45% commodity is 90% hedged Virtually all 2014 hedges are direct commodity price hedges Current Commodity Hedge Position as of September 30, 2014 Hedge…
Growth in Execution Lucerne 2 Keathley Canyon Plant Connector 200 MMcf/d gas processing plant in the DJ Basin Expansion of DPMs 40% ownership o Anchored by long-term, minimum of Discovery System throughput fee-based…
Growth in Execution Sand Hills Additional Laterals Growth Projects Lea County, Red Bluff Lake and Eagle Ford Liquids Handling at 2 Spraberry laterals Eagle Ford system plants 30MM 33% owned by DPM Marysville Liquids Handling…