Welcome to the new DCP Midstream
On Jan. 1, 2007, we began a new chapter in our evolution. We renamed ourselves DCP Midstream to align with the identity of the very successful master limited partnership we launched in 2005, DCP Midstream Partners, LP. Coincidentally, Duke Energy's 50 percent ownership transferred to Spectra Energy and we continue to enjoy strong parent support from both Spectra Energy and ConocoPhillips.
DCP Midstream is at a very exciting time in the energy industry and for us as a company. As you look over our new site you will notice changes that reflect our continuing focus and commitment to outstanding service and performance.
"We are committed to applying our extensive skills and resources to meeting the needs of our customers in an exemplary manner. Our customers' success depends on this, as does ours."
We continue to focus heavily on what we must do to ensure we will be a sustainable company long term. The DCP Midstream strategy defines our direction and provides a clear basis for aligning our priorities, evaluating opportunities and making appropriate decisions consistent with our goal of being a top performing U.S. midstream company.
DCP Midstream is at a pivotal point in its development. We have achieved significant size and scale through a series of acquisitions and organic growth in the past decade. We have become one of the largest natural gas gatherers and processors in the U.S, and one of the largest producers and marketers of natural gas liquids.
Going forward, we intend to build on our size, scale, and extremely talented people to meet society's growing needs for clean energy and to serve our customers well by providing safe, reliable and value added services that link them to an increasingly dynamic market.
Our strategy is primarily focused in two main objectives:
Grow organically around our excellent asset base, and drive improvement in our operating performance.
Strengthen customer relationships and how we partner with our customers to add value.
Invest in the integrity of our assets to capture efficiencies and to reduce our footprint on the environment.
Selectively identify gathering and processing opportunities in new areas within both existing and emerging producing basins.
Capture organic natural gas and natural gas liquids expansion opportunities that leverage our assets and business position.
Most importantly, we will remain firmly committed to safety and environmental stewardship. We are here for the long term, and will operate our business to ensure we are sustainable for our customers, employees, communities and investors.