June 2011 Vol. 238 No. 6

Projects

Occidental Petroleum, DCP Midstream Sign TX Liquids Agreement

Occidental Petroleum Corporation (Oxy) announced its wholly owned subsidiary Occidental Chemical Corporation (OxyChem) has signed a preliminary agreement with DCP Midstream LLC (DCP) for the supply and transport of natural gas liquids in Texas. The preliminary agreement allows Oxy to immediately move forward with a feasibility study for a proposed NGL fractionator in Ingleside, Texas. The fractionator separates NGLs into base components, including propane, butane and ethane. The project will add significant value to Oxy’s growing NGL production from the Permian Basin as well as Oxy’s recently acquired assets in South Texas. The proposed fractionator site, which is

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