2.4.0.82105100 - Disclosure - Certain Provisions of the Partnership Agreementtruefalsefalse1false falsefalseD2013Q2YTDhttp://www.sec.gov/CIK0001209821duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_PartnersCapitalNotesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Partners' Capital Notes [Abstract]2false 2us-gaap_PartnersCapitalNotesDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;">Certain Provisions of the Partnership Agreement</div><div style="line-height:120%;font-size:10pt;"> </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">(a)         Partnership Distributions</div><div style="line-height:120%;text-indent:24px;font-size:10pt;"> </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">Unless restricted by the terms of the Partnership’s credit facility and/or the indentures governing the Partnership’s 8.875% senior notes due 2018 (the “2018 Notes”) or the Partnership’s 7.125% senior notes due 2022 (the “2022 Notes” and, together with the 2018 Notes, “all senior unsecured notes”), the Partnership must make distributions of 100.0% of available cash, as defined in the partnership agreement, within 45 following the end of each quarter. Distributions will generally be made to the common unitholders and to the General Partner relative to their proportional share of ownership of the Partnership, subject to the payment of incentive distributions as described below to the extent that certain target levels of cash distributions are achieved.</div><div style="line-height:120%;text-indent:24px;font-size:10pt;"> </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">Under the quarterly incentive distribution provisions, generally the Partnership’s General Partner is entitled to 13.0% of amounts the Partnership distributes in excess of $0.25 per unit, 23.0% of the amounts the Partnership distributes in excess of $0.3125 per unit and 48.0% of amounts the Partnership distributes in excess of $0.375 per unit. Incentive distributions totaling $1.5 million and $2.9 million were earned by the Company for the three and six months ended June 30, 2013, respectively.</div><div style="line-height:120%;text-indent:24px;font-size:10pt;"> </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">The Partnership’s fourth quarter 2012 distribution on its common and preferred units of $0.33 per unit was paid on February 14, 2013 with the preferred units paid-in-kind ("PIK") through the issuance of 375,382 preferred units. The Partnership’s first quarter 2013 distributions on its common and preferred units of $0.33 per unit were paid on May 13, 2013, with the preferred units paid-in-kind through the issuance of 384,731 preferred units. The Partnership declared a second quarter 2013 distribution on its common and preferred units of $0.33 per unit to be paid on August 12, 2013, with the distribution on the preferred units to be paid-in-kind.</div><div style="line-height:120%;font-size:10pt;"> </div><div style="line-height:120%;text-indent:18px;font-size:10pt;">(b) Issuance of Common Units</div><div style="line-height:120%;text-indent:18px;font-size:10pt;"> </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">In June 2013, the Partnership issued 8,280,000 common units representing limited partner interests in the Partnership (including 1,080,000 common units issued pursuant to the exercise of the underwriters' option to purchase additional common units) at a public offering price of $20.33 per common unit for net proceeds of $162.0 million. The net proceeds from the common unit offering were used for capital expenditures for currently identified projects, including the Cajun-Sibon NGL expansion, and for general partnership purposes. Pending such use, the Partnership repaid outstanding borrowings under its credit facility. </div><div style="line-height:120%;font-size:10pt;">       </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">On January 14, 2013, the Partnership issued 8,625,000 common units representing limited partner interests in the Partnership at a public offering price of $15.15 per common unit for net proceeds of $125.4 million.  Concurrent with the public offering, the Partnership issued 2,700,000 common units representing limited partner interests in the Partnership at an offering price of $14.55 per unit for net proceeds of $39.2 million. The net proceeds from both common unit offerings were used for capital expenditures, to repay bank borrowings and for general partnership purposes. </div><div style="line-height:120%;text-indent:18px;font-size:10pt;"> </div><div style="line-height:120%;text-indent:18px;font-size:10pt;">In May 2013, the Partnership entered into an Equity Distribution Agreement (the “EDA”) with BMO Capital Markets Corp. (“BMOCM”). This EDA replaced the previous equity distribution agreement entered into in March 2013 between BMOCM and the Partnership. Pursuant to the terms of the EDA, the Partnership may from time to time, through BMOCM, as its sales agent, sell common units representing limited partner interests having an aggregate offering price of up to $75.0 million. Sales of such common units will be made by means of ordinary brokers’ transactions through the facilities of the Nasdaq Global Select Market LLC at market prices, in block transactions or as otherwise agreed by BMOCM and the Partnership.  Under the terms of the EDA, the Partnership may sell common units from time to time to BMOCM as principal for its own account at a price to be agreed upon at the time of sale. For any such sales, the Partnership will enter into a separate terms agreement with BMOCM. </div><div style="line-height:120%;text-align:center;font-size:10pt;"> </div><div style="line-height:120%;text-indent:18px;font-size:10pt;">Through June 30, 2013, the Partnership sold an aggregate of 1,947,576 common units under the EDA and prior equity distribution agreement with BMOCM, generating proceeds of approximately $36.4 million (net of approximately $0.6 million of commissions to BMOCM). The Partnership used the net proceeds for general partnership purposes, including working capital, capital expenditures and repayments of indebtedness.</div><div style="line-height:120%;text-indent:24px;font-size:10pt;"> </div><div style="line-height:120%;text-indent:24px;font-size:10pt;">The Company reflects changes in its ownership interest in the Partnership as equity transactions.  The carrying amount of the non-controlling interest is adjusted to reflect the change in the Company’s ownership interest in the Partnership.  Any difference between the fair value of the consideration received and the amount by which the non-controlling interest is adjusted is recognized in additional paid-in-capital.  The Company’s book carrying amount per Partnership unit was below the price per unit received by the Partnership for its January 2013, June 2013 and EDA sales of common units, resulting in changes in equity of $24.2 million.  The changes were recorded as an increase in additional paid-in-capital and a reduction in non-controlling interest during the period ended June 30, 2013.  The Company also increased its deferred tax liability in the amount of $3.2 million relating to the difference between its book and tax investment in the Partnership with the offset to additional paid-in-capital.</div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187171-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 87-21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Practice Bulletin (PB) -Number 14 -Paragraph 10, 15 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0Certain Provisions of Partnership AgreementfalseCertain Provisions of the Partnership AgreementUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.crosstexenergy.com/role/CertainProvisionsOfPartnershipAgreement12