DCP Midstream LLC announced the startup of new facilities servicing the Anadarko-Woodford Shale resource play development in Oklahoma's Blaine and Canadian counties. The installation of a new high-pressure booster with associated gathering and discharge pipelines is the first phase of DCP Midstream's development in central Oklahoma. Initially, 15 MMcf/d of capacity will be added. New gas volumes will be delivered to DCP Midstream's Okarche plant for processing and extraction of natural gas liquids. Producers are positioning themselves in the Anadarko-Woodford Shale and initial production rates are quite promising, the company said.
Calgary-based Macquarie Group has plans to acquire Tristone Capital Global Inc. for C$116 million, a move that it says would enhance the capabilities of the energy services firms. With offices in Canada, the United States, the United Kingdom and Argentina, Tristone focuses on the global energy sector, providing technical and financial services to exploration and production companies, oilfield service and midstream companies, government entities, royalty trusts, limited partnerships and institutional investors worldwide. Tristone employs around 170 people, and most of them are expected to join the combined company. By combining the research platforms, Macquarie, which now employs 12,700 people, will cover about 250 energy-related companies in every major oil and gas basin in the world, according to John Prendiville, global head of resources for Macquarie Capital. Closing is expected during the third quarter.
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