DCP Midstream Partners, LP 8-K 2007
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 17, 2007
DCP MIDSTREAM PARTNERS, LP
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (303) 633-2900
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On July 1, 2007, DCP Midstream Partners, LP, or the Partnership, closed its previously announced acquisition of a 25% limited liability company interest in DCP East Texas Holdings, LLC (East Texas), a 40% limited liability company interest in Discovery Producer Services LLC (Discovery) and a non-trading derivative instrument from DCP Midstream, LLC for aggregate consideration of approximately $271.3 million, consisting of approximately $243.7 million in cash, including $1.3 million for net working capital and other adjustments, the issuance of 620,404 common units valued at $27.0 million and the issuance of 12,661 general partner equivalent units valued at $0.6 million. The Partnership and DCP Midstream, LLC are considered entities under common control. As a result, the Partnership is providing supplemental consolidated financial statements to include the equity interest in the financial results of East Texas and Discovery for all periods presented. These supplemental consolidated financial statements also include the effects of the non-trading derivative instrument, which DCP Midstream, LLC entered into in March 2007, acquired in this transaction.
We are providing the following to reflect the supplemental results: Selected Financial Data, Managements Discussion and Analysis of Supplemental Financial Condition and Results of Operations, Supplemental Consolidated Financial Statements of the Partnership, and Supplemental Consolidated Balance Sheets of DCP Midstream GP, LP, for the periods indicated.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.