Related Party Transactions

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements [Abstract]

Related Party Transactions

4. Related Party Transactions

The following table provides a summary of the related party balances included in the Condensed Consolidated Balance Sheets at the dates indicated.

	Successor		Predecessor
	March 31, 2012		December 31, 2011
	(In thousands)		(In thousands)
Investment in ETP	$	105,000	$	-
Accounts receivable - affiliates (1)	$	30,951	$	10,467
Note payable - ETE (2)	$	221,217	$	-
Accounts payable - affiliates (3)	$	15,262	$	178

______________

• Primarily related to NGL volumes sold to an affiliate, payroll funding and various administrative and operating costs paid by other affiliate companies on behalf of the Company.
• See Note 6 – Debt Obligations for more information on the note payable to ETE.
• Primarily related to NGL volumes purchased from an affiliate.

Operating revenues and expenses for related party transactions for the three-month periods ended March 31, 2012 and 2011 were not material.