The Development & Logistics segment consists primarily of terminal and pipeline operations and maintenance services and related construction services for third parties. The Development & Logistics segment is a contract operator of pipelines and terminals primarily located in Texas and Louisiana that are owned by major oil and gas, petrochemical and chemical companies. At December 31, 2010, our Development & Logistics segment had performance obligations under existing multi-year arrangements to operate and maintain approximately 2,620 miles of pipeline. Further, this segment owns an approximate 23-mile pipeline located in Texas and leases a portion of the pipeline to a third-party chemical company. The Development & Logistics segment also owns an approximate 63% interest in a crude butadiene pipeline between Deer Park, Texas and Port Arthur, Texas and owns and operates an ammonia pipeline located in Texas. In addition, the Development & Logistics segment provides engineering and construction management services to major chemical companies in the Gulf Coast area.

We plan to continue the third-party contract operation and maintenance business in this segment, but we also intend to grow our footprint and asset capabilities through this segment by leveraging our project development capabilities, commercial management and operational competency and focusing on expanding outside our existing service area of pipeline and terminal assets through the provision of comprehensive project development services, including idea origination, securing necessary funding for the project, construction of the assets, and operations and commercial management following the project’s completion.

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