Plans have been announced for the construction of what could be a $400 million natural gas processing facility in Colorado.
The plant, which, upon completion will have a capacity of 200 million cubic feet per day, will go up inside the booming Denver-Julesburg region, which is enjoying a significant uptick in drilling due to an increase in oil prices.
The Denver-Julesburg region includes eastern Colorado, as well as parts of Wyoming, Kansas, and Nebraska.
The new processing facility will belong to the Denver-based DCP Midstream Partners and will be called O’Connor 2, in honor of Tom O’Connor, chairman of the board of DCP Partners.
DCP is one of the largest natural gas gathering and processing companies in the U.S.
Construction on the new plant could begin either later this year or next year, with a target completion date in 2019.
By Garry Boulard
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