DCP Midstream reduces workforce by 20%

Denver, CO-based DCP Midstream has reduced its workforce by approximately 20%. In a statement, the company called the move ‘a corporate restructuring’ resulting in the closing of the company’s Oklahoma City regional office, as well as a headcount reduction in the Tulsa and Midland offices. Functions of those locations would be moved primarily to its Denver headquarters and Houston regional office.

"With a 90-year history, we are repositioning ourselves for the long term and ensuring we have a sustainable workforce that meets our future needs," said chairman and CEO Wouter van Kempen. "While this transition is difficult, we are establishing DCP for continued growth founded upon a culture of operational excellence."

DCP Midstream LLC, a 50/50 joint venture between Phillips 66 and Spectra Energy, is the largest natural gas processor, the largest natural gas liquids producer and one of the largest marketers in the US.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...