Eagle Rock Energy Partners, L.P.

Eagle Rock Energy Partners, L.P. is a master limited partnership that leverages its upstream and midstream expertise to acquire and operate oil and gas properties, natural gas gathering systems, and natural gas processing plants. Eagle Rock's unique expertise, combined with the tax advantages of an MLP structure, position the company to effectively evaluate opportunities, execute transactions and integrate operations to provide a strong platform for future growth.

Focused on Execution

By excelling in four mission-critical activities — operations, acquisitions, organic growth projects and risk management — Eagle Rock's senior management team strives to enhance shareholder value and achieve stable, growing distributions for its investors.

Customer-Focused Midstream Operations
Eagle Rock aims to be the premier natural gas service provider in the areas in which we operate by consistently exceeding our customers' expectations. The company emphasizes connecting new wells quickly, operating low-pressure gathering systems, executing contracts and agreements promptly, and providing reliable services. And, in all of its operations, Eagle Rock maintains a commitment to safety and compliance with environmental regulations.

Accretive Acquisitions
Eagle Rock seeks accretive acquisitions, such as upstream assets with relatively low production declines and embedded organic growth projects (recompletions, infill drilling, etc.) and midstream assets in active drilling basins. The company relies on its in-house expertise to value, negotiate, close and integrate assets into its existing infrastructure.

Organic Growth
Organic growth projects, including plant expansions, gathering system expansions and "bolt-on" acquisitions, are another important element in the company's strategy. Eagle Rock relies on its experienced engineering staff to design and construct these projects on time and on budget.

Risk Management
In order to mitigate exposure to volatile commodity prices and interest rates, Eagle Rock conducts a thorough risk management review process. Eagle Rock senior management evaluates its asset portfolio and expected future revenues on a regular basis, and targets hedge levels of 75-80 percent of its expected production over the next two to three years.

Eagle Rock has a Risk Management Policy that is supervised and approved by senior management and the company's Board of Directors.