Dynegy Inc. said Monday that a makeover of its Monument Natural Gas Field Processing Facility in New Mexico is expected to result in $1.4 million in annual cost savings and a 66% reduction every year in nitrogen oxide emissions. The Monument facility has a processing capacity of 85 MMcf/d.

The company completed $7 million in “operational enhancements” at its Lea County, NM facility, which included replacing 18 gas compressors with four new 3,250-horsepower compressors. The new units are expected to improve reliability, increase fuel efficiency and operating margins.

“Dynegy has a long history of service to natural gas producers in the Permian Basin of Southeast New Mexico and West Texas,” said Stephen A. Furbacher, Dynegy’s executive vice president of Natural Gas Liquids. “By utilizing new technology, we are able to serve our customers more reliably, while staying at the forefront of the industry in terms of cost efficiency and environmental responsibility.”

Dynegy’s natural gas liquids marketing network is located in Mont Belvieu, TX, and in oil and gas exploration and production areas of North Texas, the Permian Basin, southeast New Mexico and the Louisiana Gulf Coast.

©Copyright 2005 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.