Group, Inc. acquired in August 2007; (3) Michigan Pipeline & Processing, LLC acquired in October 2008;
(4) certain companies acquired from MichCon Pipeline Company in November 2009; (5) the Wattenberg
pipeline acquired from Buckeye Partners, L.P. in January 2010; (6) an additional 5% interest in Collbran
Valley Gas Gathering LLC, acquired from Delta Petroleum Company in February 2010; (7) an additional
50% interest in Black Lake Pipeline Company, or Black Lake, acquired from an affiliate of BP PLC in
July 2010; (8) Atlantic Energy acquired from UGI Corporation in July 2010; (9) Marysville Hydrocarbons
Holdings, LLC acquired on December 30, 2010; and (10) the DJ Basin NGL Fractionators acquired on
March 24, 2011.
Prior to our acquisition of an additional 50% interest in Black Lake, in July 2010, we accounted for Black
Lake under the equity method of accounting. Subsequent to this transaction we account for Black Lake as
a consolidated subsidiary.
(b) Includes the effect of the NGL Hedge acquired from DCP Midstream, LLC in April 2009 and the Swap
entered into by DCP Midstream, LLC in March 2007 and contributed to us in July 2007. The NGL Hedge
is a fixed price natural gas liquids derivative by NGL component which commenced in April 2009 and
expired in March 2010. The Swap was for a total of 1.9 MMBls at $66.72 per Bbl.
(c) We hedge the proportionate ownership of East Texas. Results shown include the unhedged portion of East
Texas owned by DCP Midstream, LLC. Our consolidated results depict 75% of East Texas unhedged in all
periods prior to the second quarter of 2009 and 49.9% of East Texas unhedged for all periods subsequent
to the first quarter of 2009.
(d) Includes the effect of the acquisition of a 33.33% interest in Southeast Texas and a 40% limited liability
company interest in Discovery from DCP Midstream, LLC for all periods presented, as well as our
proportionate share of the earnings of Black Lake through July 2010. Earnings for Discovery and Black
Lake include the amortization of the net difference between the carrying amount of the investments and
the underlying equity of the investments.
(e) Includes the net income (loss) attributable to our initial 25% limited liability company interest in East
Texas, 40% limited liability company interest in Discovery, and the Swap prior to the date of our
acquisition from DCP Midstream, LLC in July 2007, an additional 25.1% limited liability company
interest in East Texas prior to the date of our acquisition from DCP Midstream, LLC in April 2009, and
33.33% interest in DCP Southeast Texas Holdings, GP, or Southeast Texas, prior to the date of our
acquisition from DCP Midstream, LLC in January 2011.
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