2010-10-05-2010-10-04-2010-10-04

Transaction Type
Announce Date
Post Date
Close Date
Estimated Price
$4.2MM
Description

Acquired certain interest in Big Escambia Creek Field and near Flomaton and Fanny Church fields, gaining 130 BOE/d, 555 MMcf proved.

Eagle Rock Energy Partners LP, Houston, (Nasdaq: EROC) has acquired certain interests in Big Escambia Creek Field and near Flomaton and Fanny Church fields in southern Alabama from Indigo Minerals LLC for $4.2 million.

The acquired interests are in wells in which Eagle Rock already owns a significant interest and are nearly 100% operated by the partnership. Proved reserves are estimated at 216,000 barrels of condensate, 555 million cubic feet of gas and 102,000 barrels of natural gas liquids (87% proved developed producing). Current daily production is 130 barrels of oil equivalent per day.

The effective date is Aug. 1.

Eagle Rock has upstream, midstream and downstream operations with E&P assets in Alabama and Texas.