DCP Midstream Partners, LP along with subsidiaries (the partnership) is engaged in the business of gathering, compressing, treating, processing, transporting and selling natural gas, producing, transporting, storing and selling propane in wholesale markets and transporting and selling natural gas liquid (NGLs)and condensate. The Company operates in three business segments: natural gas services, wholesale propane logistics and NGL logistics. In April 2009, the Company completed the acquisition of an additional 25.1% ownership interest in DCP East Texas Holdings, LLC, from the owner of its general partner, DCP Midstream. As a result, the Company owns 50.1% of the East Texas joint venture, with DCP Midstream owning the remaining interest. In January 2010, the Company acquired an interstate NGL pipeline system from Buckeye Partners, L.P.