Dynegy Inc. continued downsizing its field services operationsyesterday by signing an agreement to sell its 56% interest in the85 MMcf/d Roberts Ranch natural gas processing plant in MidlandCounty, TX, to Duke Energy Field Services, which operates two otherplants in Midland.

The number of Dynegy-operated processing facilities has droppedto 33 from 41 last year and the company has sold its interest infive other plants as part of its effort to decrease operatingexpenses and refocus on core assets.

Earlier this year, Dynegy sold the Ozark pipeline system toEnogex and signed an agreement to sell its crude oil trading andtransportation business to Duke. The sales are part of a broadrestructuring of the company designed to increase gas and poweroperations.

“Dynegy’s restructuring plans are moving forward at anaggressive pace allowing us to meet our corporate strategy ofredeploying capital into power generation assets,” said CEO ChuckWatson. “To take advantage of the tremendous growth opportunitiesin this business we are divesting of assets that have a greaterstrategic value to others in the industry than to us.”

The sale of Roberts Ranch includes a low-pressure gatheringsystem extending five miles south and five miles north of the plantand extending into Ector County. The plant is located 10 milesnorth of Duke Energy’s Pegasus Gas Plant and five miles west ofDuke Energy’s Parks Booster Station in Midland County.

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