DCP Midstream Partners LP : DCP Midstream Partners Announces Public Offering of Common Units

 DCP Midstream Partners LP : DCP Midstream Partners Announces Public Offering
                               of Common Units

       DCP Midstream Partners Announces Public Offering of Common Units

DENVER -  February 27,  2013 -  DCP Midstream  Partners, LP  (NYSE: DPM)  (the 
"Partnership") announced today  that it has  commenced an underwritten  public 
offering of  10,250,000  of  its common  units  representing  limited  partner 
interests. The Partnership also  intends to grant  the underwriters a  30-day 
option to purchase up to 1,537,500 additional common units.

The Partnership intends to use the net proceeds from this offering,  including 
the proceeds  from  any  exercise  of the  underwriters'  option  to  purchase 
additional common units, to repay indebtedness outstanding under its revolving
credit facility and for general partnership purposes.

Wells Fargo  Securities,  BofA  Merrill  Lynch,  Barclays,  Citigroup,  Morgan 
Stanley, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and RBC  Capital 
Markets will act  as joint  book-running managers for  the offering.  Stifel, 
Ladenburg Thalmann & Co. Inc. and BB&T Capital Markets will act as co-managers
for the offering.

When  available,  a  copy  of   the  preliminary  prospectus  supplement   and 
accompanying base prospectus relating  to this offering  may be obtained  from 
any of the underwriters by contacting:

Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Phone: (800)326-5897

BofA Merrill Lynch
222 Broadway, 11th Floor
New York, New York 10038
Attn: Prospectus Department

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (888) 603-5847

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (800) 831-9146

Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014
Phone: (866) 718-1649

Credit Suisse
Attn: Prospectus Department
One Madison Avenue
New York, New York 10010
Phone: (800) 221-1037

Deutsche Bank Securities
Attn: Prospectus Group
60 Wall Street
New York, New York 10005-2836
Phone: (800) 503-4611

J.P. Morgan
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (866) 803-9204

RBC Capital Markets
Three World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281-8098
Attn: Equity Syndicate
Phone: (877) 822-4089

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

The common units are being offered and  will be sold pursuant to an  effective 
shelf registration statement that was previously filed with theSecurities 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 may be made only by means of a prospectus and related prospectus

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 common  unit 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.

DCP Midstream Partners
Media and Investor Relations:
Jonni Anwar, 303-605-1868
24-Hour: 303-887-5419

Source: DCP Midstream Partners


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
information contained therein.

Source: DCP Midstream Partners LP via Thomson Reuters ONE
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