News Release
Nov. 04, 1998


HOUSTON - - Duke Energy Field Services, Inc. has completed the previously announced purchase of an approximate 56 percent interest in the Roberts Ranch natural gas processing plant in Midland County located in West Texas from an affiliate of Dynegy Inc.

In addition, Duke Energy Field Services has bought the remaining approximately 44 percent interest in the plant from GPM Gas Corporation.

The gas processing plant has the capacity to process 85 million cubic feet per day (MMcf/d) of natural gas. Included with the plant is a low-pressure gathering system extending five miles south and five miles north of the plant and extending into Ector County. The plant is located approximately 10 miles north of Duke Energy’s Pegasus Gas Plant and five miles west of Duke Energy’s Parks Booster Station in Midland County.

"Duke Energy’s nearby Pegasus gas plant has had more gas available for processing than capacity. We currently have more than 30 MMcf/d being processed in the Roberts Ranch plant," said Jim Mogg, president of Duke Energy Field Services. "The addition of this plant allows us to continue our plans to expand our gas gathering and processing facilities and improve the extent and reliability of services we currently offer to producers in the area."

Duke Energy Field Services gathers and processes natural gas and is the nation’s fourth largest producer and a leading marketer of natural gas liquids. The company also provides intrastate natural gas transportation and storage, and financial services for producers.

Dynegy Inc. (NYSE:DYN), formerly NGC Corporation, is one of the leading marketers of energy products and services in North America. The name Dynegy reflects the company’s evolution from a natural gas marketing company to a dynamic energy company with a frill energy network to meet the growing challenges of the energy market of the future. Through its leadership position in gathering, processing, transportation, independent power generation and marketing of energy, the company provides energy solutions to its customers in North America, the United Kingdom, Colombia and Australia.

GPM Gas Corp., a wholly owned subsidiary of Phillips Gas Company and a business unit of Phillips Petroleum Company, is headquartered in Houston. GPM operates 17 gas processing facilities in Texas, Oklahoma and New Mexico. GPM and its related affiliates operate about 28,000 miles of both high- and low-pressure gas gathering systems, handling some 1.9 billion cubic feet (Bcf) of gas per day. GPM produces approximately 1.4 Bcf of residue gas per day.

Duke Energy (NYSE:DIJK) is a global energy company with more than $24 billion in assets. Duke Energy companies provide electric service to approximately 2 million customers; operate pipelines that deliver 12 percent of the natural gas consumed in the United States; and are leading marketers of electricity, natural gas and natural gas liquids. Globally the companies develop, own and operate energy facilities and provide engineering, management, operating and environmental services. Contact Duke Energy on the World Wide Web at

Contact: John P. Barnett
Phone: (713) 627-4072
24 Hour Phone: (704) 382-8333