Exhibit 99.1

            Eagle Rock Energy Partners, L.P. Declares Distribution;
                           Updated Earnings Guidance;
                          and Appointment of Chairman

     HOUSTON--(BUSINESS WIRE)--Jan. 26, 2007--Eagle Rock Energy Partners, L.P.
(Nasdaq:EROC) today announced that it has declared its fourth quarter 2006 cash
distribution, updated earnings guidance, and appointed a new chairman of the
board.

     Cash Distribution

     Eagle Rock Energy Partners, L.P. ("EROC" or the "Partnership") declared its
first quarterly distribution for the partial quarter, from the IPO date of
October 24, 2006 through December 31, 2006. This prorated distribution of
$0.2679 per common unit equates to $0.3625 per unit on a full quarter basis,
which equals the Partnership's minimum quarterly distribution. The distribution
is declared for common unitholders of record as of February 7, 2007, to be paid
February 15, 2007. In addition, EROC will be paying certain pre-IPO private
investors an amount of approximately $0.6 million for the period in the quarter
through the effective date of the IPO. The total cash distribution is $6.1
million for the quarter.

     Updated Guidance

     EROC also updated its expected results for the fourth quarter of Adjusted
EBITDA to $18 to $19 million on expected revenues of approximately $125 million.
This compares to Adjusted EBITDA for the same quarter in 2005 of $3.3 million
and revenues of $57 million. The increase between the two periods is mainly from
acquisitions and organic growth projects during the last twelve months. The
Partnership expects cash capital expenditures during the quarter to be
approximately $15 million consisting of $13 million for growth projects, largely
the Tyler County Pipeline and Red Deer projects, and $2 million for maintenance
capital including routine well connects. As of December 31, 2006, total debt
outstanding was $405.6 million. EROC expects to release earnings for 2006 in the
latter part of February and will conduct an earnings conference call at that
time.

     Projections for calendar year 2007 have been updated to reflect the current
lower commodity pricing environment, changes in the expected timing of well
connect and gathering activities, the economics of organic growth initiatives
and the Partnership's current cost structure. The annual Adjusted EBITDA for
2007, excluding the impact of potential acquisitions, is now estimated to be
between $85 and $95 million. Capital expenditures are estimated to be $37
million, consisting of approximately $26 million for organic growth programs and
$11 million for maintenance capital. Approximately two-thirds of the variance
inherent in this update is caused by lower prices and volume delay factors, with
the remaining variances attributable to operating expenses.

     Alex A. Bucher, chief executive officer and president, stated, "We are
pleased with the impending completion of both the Tyler County Pipeline
extension and the startup of the Red Deer plant as well as the imminent
initiation of our Tonkawa plant relocation and startup project. Combined, these
projects are expected to produce an annual incremental run rate Adjusted EBITDA
of $13 to $15 million. We expect that the Red Deer plant and Tyler County
Pipeline extension projects will begin to contribute to our results in the
latter part of the second quarter. Consistent with our track record, we will
continue to aggressively pursue accretive acquisitions, as well as identify
additional organic growth opportunities around our existing asset base."

     Performance for the December 2006 quarter and the next few quarters is
being impacted by several unfavorable, unexpected conditions. The decrease in
commodity prices during the fourth quarter has had an adverse impact on natural
gas liquids and condensate revenues, as well as an unfavorable widening in basis
differential on the marketing price of natural gas liquids. The decrease in
index prices has been partially offset by the Partnership's risk management
hedge program, but has not been completely offset as marketing basis
differentials for the liquids have impacted margins unfavorably during the
fourth quarter. Alfredo Garcia, senior vice president, corporate development,
commented, "Given our continuing hedging program, we believe that, absent such
basis differentials widening, any further declines in the commodity price
environment should not directly impact our 2007 results. Our revised projections
conservatively assume that there is no commodity price recovery that contributes
positively to our performance."

     The level of drilling activity in both of the Partnership's Panhandle and
East Texas operating segments remains strong. However, in the fourth quarter,
EROC's producer customers experienced delays and issues in drilling and
completing their new wells. As a result, growth in gathering volumes expected by
EROC during the past quarter and the early part of 2007 are now expected in the
second half of the year. The Partnership expects the 2006 fourth quarter
gathered volumes to be approximately the same as the 2006 third quarter.

     EROC's operating cost levels in the fourth quarter are expected to be at
the same level as the third quarter. Expected fourth quarter cost reductions
were delayed by higher than anticipated repair, inspection and maintenance
costs, as well as certain one-time operating expenses of approximately $0.5
million. EROC continued to experience higher repair and maintenance activities
than anticipated in the fourth quarter. However, such expenditures increased the
assets' operating integrity and growth potential. These higher costs are
expected to decrease during the first quarter of 2007. As a result of these
higher repair and maintenance activities, EROC's anticipated cost reduction
initiatives were delayed during this period. These initiatives will start to
favorably impact our results by the end of the first quarter of 2007. "We are
implementing specific measures to bring operating expenses in line with previous
expectations. We have already begun this effort by eliminating excess
compression, reducing transportation costs, improving labor efficiency and
optimizing materials procurement," added Rick FitzGerald, senior vice president,
chief financial officer, and treasurer.

     "We believe our current organic projects will be a significant contributor
to our Adjusted EBITDA during 2007 with full impact in 2008," stated Bucher.
"EROC continues to grow its list of organic projects as drilling activities
continue to expand in our operating areas. The Board elected not to make a
distribution to its subordinated and general partner unitholders for the partial
quarter, but instead has elected to maintain the available funds for its ongoing
growth capital programs. EROC believes the use of this cash for its growth
projects, with their expected EBITDA contributions, will benefit all of our
unitholders."

     Appointment of Chairman

     Effective January 24, 2007, the board of directors of Eagle Rock Energy
G&P, LLC, the general partner of EROC's general partner, has appointed William
J. Quinn, an original director of the Company, as chairman of the board of Eagle
Rock Energy G&P, LLC. Mr. Quinn succeeds Mr. Bucher as chairman. Mr. Bucher
continues his role as chief executive officer and president. "I look forward to
the opportunity to become more involved with Eagle Rock and its management
team," stated Quinn. "As part of the original equity sponsor team for Eagle
Rock, I have seen Alex and his team grow Eagle Rock significantly over its short
business life. As chairman, I plan to lead the board in its role of supporting
the implementation of the strategic plan to continue Eagle Rock's growth,
particularly as it relates to acquisition and strategic growth opportunities."

     Eagle Rock Energy Partners, L.P. is a growth oriented company engaged in
the business of gathering, compressing, treating, processing, transporting and
selling natural gas and fractionating and transporting natural gas liquids.

     We define Adjusted EBITDA as net income (loss) plus income tax,
interest-net, unrealized interest risk management activities, depreciation and
amortization expense less non realized revenues risk management loss (gain)
activities.

     This news release includes "forward-looking statements" as defined by the
Securities and Exchange Commission. All statements, other than statements of
historical facts, included in this press release that address activities, events
or developments that the partnership expects, believes or anticipates will or
may occur in the future are forward-looking statements. These statements are
based on certain assumptions made by the partnership based on its experience and
perception of historical trends, current conditions, expected future
developments and other factors it believes are appropriate under the
circumstances. Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the partnership, which
may cause the partnership's actual results to differ materially from those
implied or expressed by the forward-looking statements.


     CONTACT: Eagle Rock Energy Partners, L.P., Houston
              Richard FitzGerald, 281-408-1203