2013-03-11 13:15:56 -

                                                         News Release
                                                    www.dcppartners.com

                     MEDIA AND INVESTOR RELATIONS CONTACT:
                                                            Jonni Anwar

  March 11, 2013   Phone:                                  303/605-1868

                   24-Hour:                                303/887-5419





        DCP Midstream Partners Announces Public Offering of Senior Notes



DENVER - DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) announced
today that its wholly-owned subsidiary, DCP Midstream Operating,
LP (the Operating Partnership), intends to issue Senior Notes due 2023 that will
be fully and unconditionally guaranteed by the Partnership.

The Operating Partnership intends to use the net proceeds from this offering to
fund a portion of the cash purchase price of the previously announced Eagle Ford
Transaction and related expenses.  If the Eagle Ford Transaction is not
consummated, the Operating Partnership intends to use such net proceeds from
this offering to repay indebtedness outstanding under its revolving credit
facility, for organic growth projects, and for general partnership purposes.

RBC Capital Markets, LLC, RBS Securities Inc. and SunTrust Robinson Humphrey,
Inc. will act as joint book-running managers for the offering. When available, a
copy of the preliminary prospectus supplement and accompanying prospectus
relating to the offering may be obtained from any of the underwriters by
contacting:



  RBC Capital Markets, LLC

  Three World Financial Center
  200 Vesey Street, 8th Floor
  New York, NY 10281
  Telephone: (866) 375-6829


  RBS Securities Inc.

  600 Washington Boulevard

  Stamford, CT 06901

  Telephone: (866) 884-2071


  SunTrust Robinson Humphrey, Inc.

  3333 Peachtree Road, 11th Floor

  Atlanta, GA 30326

  Attn: Prospectus Department

  Telephone: (800) 685-4786




You may also obtain these documents free of charge when they are available by
visiting the Securities and Exchange Commission's website at www.sec.gov.

The senior notes are being offered and will be sold pursuant to an effective
shelf registration statement that was previously filed with the Securities and
Exchange Commission. This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities described herein, nor shall
there be any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.  This
offering is being made only by means of a prospectus and related preliminary
prospectus supplement.

DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership
engaged in the business of gathering, compressing, treating, processing,
transporting, storing and selling natural gas; producing, fractionating,
transporting, storing and selling NGLs and condensate; and transporting, storing
and selling propane in wholesale markets.  DCP Midstream Partners, LP is managed
by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP
Midstream, LLC, a joint venture between Spectra Energy Corp. and Phillips 66.

This press release contains forward-looking statements as defined under the
federal securities laws, including statements regarding the intended use of
offering proceeds and other aspects of the senior notes offering.  Although
management believes that expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such expectations will
prove to be correct.  In addition, these statements are subject to certain
risks, uncertainties and other assumptions that are difficult to predict and may
be beyond our control, including market conditions, customary offering closing
conditions and other factors described in the prospectus and accompanying
prospectus supplement for the offering.  If one or more of these risks or
uncertainties materialize, or if underlying assumptions prove incorrect, the
Partnership's actual results may vary materially from what management
anticipated, estimated, projected or expected.

Investors are encouraged to closely consider the disclosures and risk factors
contained in the Partnership's annual and quarterly reports filed from time to
time with the Securities and Exchange Commission and in the prospectus and
related prospectus supplement.  The statements herein speak only as of the date
of this press release.  The Partnership undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.





This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: DCP Midstream Partners LP via Thomson Reuters ONE
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