PROFILE |
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Duke Energy Field Services (DEFS) is a midstream maven. Formed when Duke Energy and Phillips Petroleum combined their gas gathering, processing, and marketing operations, the company is one of the largest midstream natural gas operators in the US, with 57,000 miles of gathering pipeline and 71 processing plants. DEFS also owns several NGL (natural gas liquids) processing facilities and is the US's largest NGL producer at 400,000 barrels per day. The company sells about 40% of its NGL production to Phillips under a long-term contract. Duke Energy owns about 70% of DEFS; Phillips owns 30%. DEFS is the general partner of TEPPCO Partners, L.P. which owns a network of refined products and crude oil pipelines.
COMPETITION |
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Dynegy Inc. (DYN)
Enterprise Products Partners L.P. (EPD)
Koch Industries, Inc. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 9,093.40
1-Yr. Sales Growth: 162.9%
Employees: 3,400
Revenue per employee: $2,674,529.41
KEY PEOPLE |
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Jim W. Mogg
CEO
John Jackson
CFO
CONTACT INFO |
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370 17th St., Ste. 900
Denver, CO 80202
US
Phone: 303-595-3331
Fax: 303-595-0480
Online: Web Site
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