Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

(14) Subsequent Events

In July 2013, the Partnership determined that the Eunice processing plant (the “Plant”), which is located in south Louisiana and is part of our PNGL segment, will be shut-down during the fourth quarter of 2013 due to adverse economics driven by low NGL prices and low processing volumes which the Partnership does not see improving in the near future based on forecasted price curves. As of June 30, 2013 there are customer relationships classified as intangible assets with a net book value of $72.6 million which are directly associated with the Plant and will terminate with the shut-down of the Plant. The Partnership will record an impairment expense for these intangible assets in the amount of $72.6 million during the third quarter of 2013.