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Upstream

Eagle Rock entered the upstream energy business in July 2007 with its acquisition of Escambia Asset Corporation and Redman Energy. In May 2008, Eagle Rock completed its third upstream acquisition: Midland, Texas based Stanolind Oil and Gas Corp. The Stanolind acquisition has given Eagle Rock a meaningful presence in the Permian Basin, which is an area we believe has significant opportunities for additional acquisitions that are appropriate for the MLP structure. The acquisition also provided us with a source of organic growth projects that we can exploit for several years.

EROC is engaged in low-risk development drilling and does not pursue high-risk exploration projects. Currently, the company owns 157 gross productive wells and fee mineral, royalty, and overriding royalty interests in over 2,500 productive wells, including approximately 430,000 net mineral acres in 13 basins across 17 states in the continental United States.