Industry:
Chemicals
About the New Duke Energy Field Services. The new company will have a strong position in most of the significant hydrocarbon basins in the continental United_States. The combined revenues and EBITDA for the two businesses in the third quarter of 1999 was $ 1.6 billion and $ 183 million , respectively. The new company will operate 67 plants and 57 , 000 miles of pipelines , and have an estimated17 TCF of contracted supply. It will process approximately 5 BCFD of raw gas , and produce 400 , 000 BPD of NGL. Duke Energy and Phillips Petroleum believe that the new company will realize synergies , primarily from operating efficiencies.
Contact with Phillips Petroleum Company:
Phillips Building 9Th Floor
Bartlesville,
Oklahoma
74004
USA
Tel: (918) 661-1215
Fax: (918) 662-2075
Web Site: www.phillips66.com
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