July 2004
Tulsa, OK
In May 2000, Energy Spectrum formed Spectrum Field Services (“SFS”) to acquire the Velma gas processing plant from Texaco, which had processing capacity of 100 mmcf/d and 1,900 miles of related natural gas gathering pipelines in South Central Oklahoma. SFS management increased the volumes through the system and upgraded the plant resulting in reduced operating costs. SFS was acquired by Atlas Pipeline Partners, a subsidiary of Targa Resources (NYSE: TRGP), in July 2004.
