Dynegy Inc. (formerly NGC Corp.) sold its Haynesville, LA, gasprocessing and fractionation facility and related gas and gasliquids pipeline systems to Duke Energy Field Services. The sale ofthe non-strategic asset continues the rationalization of certaingas processing plants acquired from Trident and Chevron, which hasresulted in greater operating efficiencies and lower costs, Dynegysaid.

“In 1996, Dynegy Midstream Services operated 41 plants and hadjoint venture interests in 16 additional plants,” said SteveFurbacher president of Dynegy Midstream Services, previously knownas Warren Petroleum. “With the sale of the Haynesville Plant, thecompany operates 35 facilities and has interests in 12 others. Aswe have reduced the number of operated facilities, we haveincreased plant utilization by 9%, the gas volume processed by 11%and significantly reduced operating expenses.”

The Haynesville processing facilities consist of two processingplants, a lean oil and a cryogenic expanded plant, with thecapacity to process 85 MMcf/d. The facilities are in Claiborne andWebster parishes. The price was not disclosed.

©Copyright 1998 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press,Inc.