Discovery Announces Open Season on Keathley Canyon Connector Natural Gas Pipeline Project

TULSA, Okla., July 23 /PRNewswire-FirstCall/ -- Discovery Producer Services LLC, owned by Williams Partners L.P. (NYSE: WPZ) and DCP Midstream Partners, L.P. (NYSE: DPM), is holding a non-binding open season for its Keathley Canyon Connector project in the central Gulf of Mexico.

The new deepwater natural gas gathering pipeline will originate in the southeast corner of the Keathley Canyon Area in approximately 7,000 feet of water where several large discoveries and prospects have recently been announced. The gathering pipeline will connect to either Discovery's existing deepwater gathering system or shelf transmission system.

The new gathering pipeline, which will not fall under Federal Energy Regulatory Commission jurisdiction, is expected to be 150 to 200 miles long, depending on the final route selection, with capacity of up to 400 million cubic feet per day of natural gas. 

"Keathley Canyon Connector provides an industry solution for this frontier area, designed to minimize industry infrastructure costs and to help bring clean-burning natural gas to market," says Alan Armstrong, senior vice president of Williams' midstream business unit. "The Discovery system offers the structural integrity, reliability, redundancy and market alternatives Gulf of Mexico producers value."

The non-binding open season approach will gauge interest in gathering service in this area and will help determine the ultimate size and route of the new gathering pipeline in order to accommodate as many producers as possible.  The new pipeline is expected to be in service during 2013.

The open season ends on Friday, August 6. Interested parties may contact Ed McMichael at (713) 215-4323 for a confidentiality agreement and a non-binding expression of interest form.

Williams Partners owns 60 percent of the Discovery system, which includes an offshore natural gas gathering system, as well as the Larose natural gas processing plant and Paradis fractionation facility. Both processing facilities are onshore south of New Orleans. Williams (NYSE: WMB) operates the Discovery system.

Williams (NYSE: WMB) owns 84 percent of Williams Partners, including the general-partner interest. Most of Williams' interstate gas pipeline and midstream assets are held through its ownership interest in Williams Partners.

About Williams Partners L.P. (NYSE: WPZ)

Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 12 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams (NYSE: WMB) owns approximately 84 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com. Go to http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 to join our email list.

About DCP Midstream Partners L.P. (NYSE: DPM)

DCP Midstream Partners, L.P.  is a midstream master limited partnership that gathers, processes, transports and markets natural gas, transports and markets natural gas liquids, and is a leading wholesale distributor of propane. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between Spectra Energy and ConocoPhillips.

Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission.

SOURCE Williams Partners L.P.

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