Management Representatives Joseph p A. Mills Chairman & Chief Executive Officer J ff Jeffrey P P. W Wood d Senior Vice President & Chief Financial Officer Adam K. Altsuler Director, Corporate Finance & Investor…
Eagle Rock Energy Partners, L.P. Snapshot Eagle Rock (NASDAQ: EROC) is a growth-oriented MLP engaged in the midstream and upstream businesses and is well-positioned to benefit from some of the most prolific producing basins in the…
Strategically Located, Diversified Asset Base Midstream Business (1) Upstream Business (2) 5,482 miles of pipeline 600 operated producing wells 19 processing plants 385 Bcfe proved reserves 476 MMcf/d gathering volumes 81.1…
Delivering on Our Strategic Objectives Objective Status Create Platform to Grow Recently announced Midstream projects Organically capitalize on existing infrastructure Upstream properties contain over 654 gross identified drilling…
Positioning for Further Growth Eagle Rock Has Substantially Improved Its Liquidity and Balance Sheet Stability (1) September 30, 2009 September 30, 2010 September 30, 2011 E t Enterprise i Value: V l 1.1 1 1 billi billion E t…
Delivering Value to Our Unitholders Improved Growth Profile and Capitalization Lead to Greater Unitholder Value Current Annualized Distribution Guidance ** 1 00 1.00 25% 1.00 0.80 0.75 alized Distribution per Unit 0.75…
Eagle Rock Energy Partners, L.P. Midstream Business Overview U.S. Capital Advisors Access Day January 2012
Geographically Diverse Midstream Business East Texas / North Louisiana 1,213 miles of pipeline Granite Wash 7 processing plants 49 700 compression HP 49,700 174 MMcf/d gathering volume 1,081 Bbls/d NGL/condensate Panhandle…
Panhandle System Announced planned installation of 60 MMcf/d cryogenic processing facility (the Woodall Plant) operational by Q2 2012 Announced planned installation of 125 MMcf/d cryogenic processing facility (the Wheeler…
Leading Midstream Company in the Granite Wash Superior Economics Driving Production Growth Stacked Pay Zones Improve Economics Granite Wash Daily Production (1) 3.5 3 Other(s) 2.5 Unit Corporation Penn Virginia 2 Cimarex…
The Granite Wash Fairway Eagle Rock is Well-Positioned to Serve Growing Production Volumes Tight sands formation with up to 3,000 feet of pay through multiple zones 48 directional / horizontal rigs running in Roberts, Hemphill and…
Building on Our Core; Delivering for Our Customers Hemphill County Recent Activity 1 1 Oct. 10 Acquired Gathering Systems from CEFS Canadian 2 Dec. 10 10 Installed Phoenix-Arrington Phoenix Arrington Red Ranch Plant (50 MMcf/d)…
Strategic Footprint in East Texas System Activity Austin Chalk: Large independents staking g 14 p potential dedicated sites Drilling moving east into Louisiana with Austin Chalk and Indigo Minerals Bentley prospective Lumber…
Eagle Rock Energy Partners, L.P. Upstream Business Overview U.S. Capital Advisors Access Day January 2012
Geographically Diverse Upstream Assets Mid-Continent Assets (1) Proved Reserves: 257 Bcfe Q3 2011 Prod. Rate: 47.5 MMcfe/d % Gas (2): 73% Alabama Area Proved Reserves: 65 Bcfe Permian Area Q3 2011 Prod. Rate: 16.4 MMcfe/d…
Diversified Reserve Base Across High Quality Basins Third quarter 2011 average Production production rate of 81.1 MMcfe/d Cana 5% Production growth anticipated Barnett Alabama from liquids-rich Cana Shale 10% 20% and Golden…
Golden Trend Play Liquids-rich field producing from multiple pay formations from 8,000 Hart Sandstone to 14,000 including Bromide, Big 4, Springer, Morrow, Hart, Deese Scott 1-17 Mattie Wallace Springer Sandstone IP 1 1,100 100…
Cana Shale Play Drilling Activity 56 rigs currently drilling horizontal wells in the western Oklahoma Woodford Cana shale trend Majority of drilling activity Stidham 11-9H 9H conducted by large independent Drilling producers…
Woodford Shale -- Potential Room to Run Arkoma Basin Verden Fi ld Field Cana Shale Golden Trend Field Ardmore Basin 22 Eagle Rock acreage
Upstream Growth Production Growth Driven Organically by Lower-Risk Drilling Inventory (1) Eagle Rock Identified Locations Cana Shale 409 Golden Trend 38 Anadarko 63 120 Arkoma 57 180 Cana Barnett Shale 13 Verden 46 Mid-Con…
Focus on Low Cost Operations Upstream Historical and Projected Operating Costs (1) 40 2.40 Mid Continent Legacy Assets 35 11.7 2.10 Unit OPEX 30 1.80 Unit OPEX ( OPEX (MM) 5.5 25 1.50 24.5 24.8 23.2 20 22.2 1.20…
Eagle Rock is Well-Positioned for Continued Growth Strong credit profile and capital availability Absence of incentive distribution rights enhances long long-term term accretion potential Core midstream operations in liquids-rich…
Eagle Rock Energy Partners, L.P. Appendix U.S. Capital Advisors Access Day January 2012
Use of Non-GAAP Financial Measures (Continued) Eagle Rocks Adjusted EBITDA definition may not be comparable to Adjusted EBITDA or similarly titled measures of other entities, as other entities may not calculate Adjusted EBITDA in the same…
Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Three Months Ended Nine Months Ended Septem ber 30, Septem ber 30, 2011 2010 2011 2010 ( in thousands) ( in thousands) Net cash flows provided by operating activities…
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