Erock Inc Cl A (EROC)

Eagle Rock Energy Partners, L.P. is a Delaware Corporation. The Company is based in the United States and are a domestically-focused, growth-oriented limited partnership engaged in the business of gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting natural gas liquids (NGLs); and marketing natural gas, condensate and NGLs, which collectively it calls its 'Midstream Business;' acquiring, developing and producing interests in oil and natural gas properties, which it calls its 'Upstream Business;' and acquiring and managing fee mineral, overriding royalty and royalty interests, either through direct ownership or through investment in other partnerships, which it calls its 'Minerals Business.' The Company's objective is to grow its business in a manner that increases its potential to distribute cash to its unitholders. The Company's Midstream Business is strategically located in five significant natural gas producing regions: the Texas Panhandle; East Texas/Louisiana; South Texas; West Texas; and the Gulf of Mexico. These five regions are productive, mature, natural gas producing basins that have historically experienced significant drilling activity. Eagle Rock's natural gas gathering systems within these regions are comprised of approximately 5,200 miles of natural gas gathering pipelines with approximately 2,700 well connections, 19 natural gas processing plants with approximately 757 MMcf/d of plant processing capacity and 203,580 horsepower of compression. The Company's Upstream Business has long-lived, high working interest properties located in four significant natural gas producing regions: Southern Alabama (where it also operates the associated gathering and processing assets); East Texas; South Texas; and West Texas. These working interest properties include approximately 260 operated productive wells and 149 non-operated wells with net production to it of approximately 5,300 Boe/d and proved reserves of approximately 33.8 Bcf of natural gas, 7.5 MMBbls of crude oil, and 6.1 MMBbls of natural gas liquids, of which 88% are proved developed. The Company's Minerals Business, which is subject to a current sales agreement, is a diversified set of fee mineral, overriding royalty interests and royalty interests comprised of interests in multiple trends over 5.6 million gross mineral acres (430,000 net mineral acres) and interests in over 2,800 productive wells across 17 states in the United States.