In November 2000, TEPPCO acquired $91 million pipeline assets from DEFS
, including two NGL pipelines in East Texas, the 189-mile Panola Pipeline and the 34-mile San Jacinto Pipeline.
DCP), a master limited partnership (MLP) formed with the dropdown of midstream assets from DEFS
valued at $376 million.
7 percent interest in DEFS
to ConocoPhillips; and, unfavorable mark-to-market impacts related to the 2006 de-designated hedges of $23 million in 2005.
The decrease primarily was due to the 2005 restructuring of ConocoPhillips' ownership in DEFS
and negative impacts from recent tax legislation, partially offset by higher natural gas liquids prices.
Prior to joining DEFS
, he served as vice president, natural gas marketing for UPFI where he was responsible for overall management of UPFI's wholesale gas marketing business, including gas trading, transportation, supply, and risk management and business development activities.
4) Post closing reimbursement from DEFS
for maintenance capital expenditures 0.
The increase primarily was due to a net gain of $300 million to ConocoPhillips in the first quarter of 2005 associated with the DEFS
restructuring, as well as the company's increased ownership in DEFS
and higher natural gas prices.
During the quarter, DEFS
paid tax distributions of approximately $77 million and dividends of $75 million to Duke Energy.
Bradley, senior vice president, DEFS
, "Even with our having added 60 MMcf/d of incremental processing capacity in the area over the past two years, all of our plants were running at or near their full capacities, necessitating the new Platteville plant to meet the needs of our customers.
The increase over the third quarter of 2004 primarily was due to higher natural gas liquids prices in both DEFS
' and the company's consolidated operations, increased ownership in DEFS
and the absence of impairments recorded in the third quarter of 2004.
will continue to operate the GSR assets on behalf of the Partnership after the transaction closes.
is the owner and managing partner of DIGP and MBPP and is the managing member of Gulf Coast.