Regency Energy Partners LP Acquisitions of Eagle Rock Energy Partners, L.P.s Midstream Assets & Hoover Energy Partners LPs Midstream Assets December 23, 2013
Transaction Highlights Acquisition of EROCs Midstream Assets Regency will acquire Eagle Rock Energy Partners, L.P.s (EROC) midstream assets for approximately 1.3 billion Complements core gathering and processing business and further…
Financing Overview Acquisition of EROCs Midstream Assets Total consideration of approximately 1.3 billion financed via: The issuance of 200 million of Regency common units to EROC The issuance of 400 million of Regency common units…
Proposed Acquisition of Eagle Rock Energy Partners, L.P.s Midstream Assets
Strategic Highlights Combination of Regency, PVR and Eagle Rocks midstream assets will strengthen Regencys position as a midstream provider in the Mid-Continent region and will provide additional growth opportunities Expand Regencys…
EROC Midstream Overview Highlights Area of Operations Texas Panhandle System Legend 6,500 miles of gathering pipeline EROC Gathering Systems EROC Processing Plant 550 MMcfd of processing capacity BP acquisition has led to…
Diversified, Well-Positioned Asset Base Pro Forma Asset Base Texas Panhandle KS MO NY OK AR NM AL PA East Texas PVR Coal Assets TX LA OH WV IL IN VA EROC Gathering Systems KY EROC Crude Oil Pipeline RGP…
Pro Forma Business Mix In Line With Strategic Targets 2013E Segment Gross Margin(1) Regency (2) Pro Forma NGL Services NGL Services Coal 2 7% Coal 8% 7% 6% Nat. Gas Trans. Nat. Gas Trans. 12% G&P 14% 57% G&P 3 63%…
Proposed Acquisition of Hoover Energy Partners LPs Midstream Assets
Strategic Rationale The purchase of Hoover Energy Partners LP will complement and provide growth opportunities around Regencys existing assets in the West Texas/Permian Region Established first-mover position in the southern portion…
Combined System Map 12
Conclusion Transactions enhance the combined companys position in attractive, high-growth regions Everest: Provides added scale and scope in the Texas Panhandle, and when combined with PVR, will strengthen Regencys as a midstream…
Appendix
Texas Panhandle Overview Highlights Texas Panhandle Map EROCs Texas Panhandle region covers 14 counties in Texas and two counties in Oklahoma As of June 30, 2013, 339 producers and 3,861 wells and central delivery points were…
East Texas Overview Highlights East Texas System Map The East Texas assets gather and process volumes produced primarily Belle Bower from the Austin Chalk, Woodbine and Travis Peak plays Capacity (MMcfd): 20.0 Rosewood Capacity…
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