| November 5, 2008 | CONTACT: |
| | Elizabeth Wilkinson–Investor Relations Phone: 281-408-1329 |
Eagle Rock Energy Partners, L.P. Provides Additional Operations Data on Upstream and Minerals Businesses to Supplement its Third Quarter 2008 Earnings Release
HOUSTON, TEXAS - Eagle Rock Energy Partners, L.P. (“Eagle Rock” or the “Partnership”) (NASDAQ:EROC) today issued the following operations data on its Upstream and Minerals Businesses to supplement the Third Quarter 2008 Earnings Release issued November 4, 2008 after market close.
Eagle Rock Energy Partners, L.P.
Upstream and Minerals Operations Information
(unaudited)
| | | Three Months Ended | | | Nine Months Ended | | | Three Months | |
| | | Sept 30, | | | Sept 30, | | | Ended | |
| | | 2008 | | | 2007 | | | 2008 | | | 2007 | | | June 30, 2008 | |
| | | | | | | | | | | | | | | | |
| Upstream | | | | | | | | | | | | | | | |
| Production: | | | | | | | | | | | | | | | |
| Oil and condensate (Bbl) | | | 230,727 | | | | 140,799 | | | | 616,643 | | | | 140,799 | | | | 184,511 | |
| Gas (Mcf) | | | 1,233,951 | | | | 666,298 | | | | 2,949,241 | | | | 666,298 | | | | 873,093 | |
| NGLs (Bbl) | | | 119,664 | | | | 88,228 | | | | 365,761 | | | | 88,228 | | | | 118,644 | |
| Total Mcfe | | | 3,336,297 | | | | 2,040,460 | | | | 8,843,665 | | | | 2,040,460 | | | | 2,692,023 | |
| | | | | | | | | | | | | | | | | | | | | |
| Sulfur (Long ton) | | | 25,816 | | | | 12,459 | | | | 71,772 | | | | 12,459 | | | | 19,724 | |
| | | | | | | | | | | | | | | | | | | | | |
| Realized prices, excluding derivatives: | | | | | | | | | | | | | | | | | | | | |
| Oil and condensate (per Bbl) | | $ | 98.36 | | | $ | 68.10 | | | $ | 100.79 | | | $ | 68.10 | | | $ | 114.50 | |
| Gas (per Mcf) | | $ | 9.05 | | | $ | 6.37 | | | $ | 9.40 | | | $ | 6.37 | | | $ | 10.80 | |
| NGLs (per Bbl) | | $ | 67.35 | | | $ | 49.49 | | | $ | 66.58 | | | $ | 49.49 | | | $ | 68.74 | |
| Sulfur (per Long ton) | | $ | 505.77 | | | $ | 59.39 | | | $ | 355.63 | | | $ | 59.39 | | | $ | 359.97 | |
| | | | | | | | | | | | | | | | | | | | | |
| Operating statistics: | | | | | | | | | | | | | | | | | | | | |
| Operating costs per Mcfe (incl production taxes) | | $ | 3.71 | | | $ | 3.82 | | | $ | 3.32 | | | $ | 3.82 | | | $ | 3.49 | |
| Operating costs per Mcfe (excl production taxes) | | $ | 2.46 | | | $ | 2.64 | | | $ | 2.01 | | | $ | 2.64 | | | $ | 1.93 | |
| Operating Income per Mcfe | | $ | 9.54 | | | $ | 4.17 | | | $ | 9.21 | | | $ | 4.17 | | | $ | 9.89 | |
| | | | | | | | | | | | | | | | | | | | | |
| Drilling program (gross wells): | | | | | | | | | | | | | | | | | | | | |
| Development wells | | | 6 | | | | - | | | | 18 | | | | - | | | | 6 | |
| Completions | | | 6 | | | | 3 | | | | 18 | | | | 3 | | | | 6 | |
| Workovers | | | 11 | | | | 2 | | | | 12 | | | | 2 | | | | 1 | |
| Recompletions | | | 5 | | | | - | | | | 12 | | | | - | | | | 3 | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Minerals | | | | | | | | | | | | | | | | | | | | |
| Production: | | | | | | | | | | | | | | | | | | | | |
| Oil and condensate (Bbl) | | | 41,971 | | | | 47,498 | | | | 120,711 | | | | 71,908 | | | | 40,907 | |
| Gas (Mcf) | | | 323,158 | | | | 376,389 | | | | 978,632 | | | | 548,600 | | | | 339,518 | |
| NGLs (Bbl) | | | 6,981 | | | | 12,729 | | | | 17,381 | | | | 15,624 | | | | 6,215 | |
| Total Mcfe | | | 616,870 | | | | 737,752 | | | | 1,807,184 | | | | 1,073,793 | | | | 622,250 | |
| | | | | | | | | | | | | | | | | | | | | |
| Realized prices, excluding derivatives: | | | | | | | | | | | | | | | | | | | | |
| Oil and condensate (per Bbl) | | $ | 104.60 | | | $ | 64.84 | | | $ | 103.46 | | | $ | 64.14 | | | $ | 89.00 | |
| Gas (per Mcf) | | $ | 9.42 | | | $ | 4.92 | | | $ | 9.01 | | | $ | 6.09 | | | $ | 6.99 | |
| NGLs (per Bbl) | | $ | 59.16 | | | $ | 41.40 | | | $ | 60.93 | | | $ | 40.00 | | | $ | 56.15 | |
