Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  HMTF Gas Partners II, L.P.
2. Date of Event Requiring Statement (Month/Day/Year)
12/17/2006
3. Issuer Name and Ticker or Trading Symbol
Regency Energy Partners LP [RGNC]
(Last)
(First)
(Middle)
200 CRESCENT COURT, SUITE 1600
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75201
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Units   (1)   (1) Common Units 5,173,189 $ (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HMTF Gas Partners II, L.P.
200 CRESCENT COURT
SUITE 1600
DALLAS, TX 75201
    X    
HMTF GP II, L.L.C.
200 CRESCENT COURT
SUITE 1600
DALLAS, TX 75201
    X    
HMTF GP, L.L.C.
200 CRESCENT COURT
SUITE 1600
DALLAS, TX 75201
    X    

Signatures

HMTF Gas Partners II, L.P., By: HMTF GP II, L.L.C., its general partner, By: /s/ Jason H. Downie, Vice President 10/05/2006
**Signature of Reporting Person Date

HMTF GP II, L.L.C., By: /s/ Jason H. Downie, Vice President 10/05/2006
**Signature of Reporting Person Date

HMTF GP, L.L.C., By: /s/ Jason H. Downie, Vice President 10/05/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Class B Common Units were acquired on August 15, 2006, and are convertible into Common Units at the option of the holder on a one-for-one basis from and after February 15, 2007. Therefore, the date of acquisition, and date of earliest transaction reported, for purposes of Section 16, will be December 17, 2006, the sixtieth day before the February 15, 2007 date on which the Class B Common Units will become convertible into Common Units. The Class B Common Units have no expiration date.
 
Remarks:
This Form 3 is filed by each of HMTF Gas Partners II, L.P. ("Gas Partners II"), HMTF GP II, L.L.C. ("HTMF GP II")
and HMTF GP, LLC ("HMTF GP").  HMTF GP is the sole member of HMTF GP II, which is the general partner of Gas Partners II,
which directly owns the Class B Common Units reported herein.  The Class B Common Units were acquired on August 15, 2006, and are
convertible into Common Units at the option of the holder on a one-for-one basis from and after February 15, 2007.  Therefore, the date
of acquisition, and date of earliest transaction reported, for purposes of Section 16, will be December 17, 2006, the sixtieth day
before the February 15, 2007 date on which the Class B Common Units will become convertible into Common Units.  Each reporting person,
other than Gas Partners II, disclaims beneficial ownership of these securities (except to the extent of such reporting person's
indirect pecuniary interest in such securities described above), and this report shall not be deemed an admission that such reporting
person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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