Operational Updates
Copano Energy Highlights Eagle Ford Progress in Q3
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Copano Energy LLC has reported its financial results for the three months ended September 30, 2012.
Third Quarter 2012 Highlights:
• Fee-based Texas segment rich natural gas volumes drive third quarter performance
•Total distributable cash flow of $57.1 million, a 55% increase from third quarter 2011
•Total segment gross margin of $75.1 million, a 16% increase from the prior year period
•Adjusted EBITDA of $73.0 million, a 41% increase from the prior year period
•Volumes gathered from the Eagle Ford Shale play averaged 567,000 MMBtu/d, a 248% increase from the prior year period
•Texas segment NGL production of over 54,000 Bbls/d, a 75% increase from third quarter 2011
"Our third quarter results highlight our strengthening operational performance and continued progress in executing on our…
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