DCP Midstream Partners (DPM) Announces Dropdown of Interests in Mont Belvieu Fractionators

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DCP Midstream Partners, LP (NYSE: DPM) has completed the previously announced $200 million dropdown of minority interests in two non-operated Mont Belvieu fractionators from the owner of its general partner, DCP Midstream, LLC.

The minority ownership interests in two non-operated Mont Belvieu fractionators include:

1. A 12.5% interest in the Enterprise fractionator (“EPC”), which is operated by Enterprise Products Partners L.P. (NYSE: EPD). EPD owns a 75% interest in EPC and Phillips 66 (NYSE: PSX) owns the remaining 12.5% interest.

2. A 20% ownership interest in the Mont Belvieu 1 fractionator (“MB1”), which is operated by ONEOK Partners, L.P. (NYSE: OKS). OKS owns the remaining 80% interest in MB1.

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