spectra energy DCPMarginbyContract_Q308

This document summarizes DCP Midstream's gas volume and margins by contract type for various quarters in 2007 and 2008. It shows that the majority of DCP's margins come from percentage of proceeds (POP) contracts, where margins increased from $482 million in Q3 2008 to $557 million in Q2 2008. Keepwhole contracts provided lower but stable margins, while fee contracts such as gas gathering and NGL transportation also contributed margins. Total margins decreased from $941 million in Q3 2008 to $657 million in Q2 2008.