Eagle Rock Energy Announces New Substantial Acreage Dedication by Apache Corporation in Texas Panhandle

Eagle Rock Energy Announces New Substantial Acreage Dedication by Apache
Corporation in Texas Panhandle

HOUSTON, March 6, 2013 (GLOBE NEWSWIRE) -- Eagle Rock Energy Partners, L.P.
(Nasdaq:EROC) (the "Partnership") announced today that it has entered into a
new fee-based Gas Gathering, Processing and Purchase Agreement (the
"Agreement") with Apache Corporation ("Apache") to support Apache's active
drilling program in the Texas Panhandle.

As part of the Agreement, Apache has dedicated to the Partnership all existing
and future wells drilled within an area encompassing more than 106,000 gross
acres, located in Hemphill, Lipscomb, Ochiltree, Roberts, Hansford and Sherman
Counties, Texas, under market-based terms. The Agreement supersedes and
expands on various existing agreements between the Partnership and Apache. The
dedicated acreage covers the Granite Wash, Hogshooter, Tonkawa, Marmaton and
Cleveland plays in the Anadarko Basin of the Texas Panhandle. The Agreement
provides for fee-based compensation to the Partnership and applies to all
existing and future wells completed by Apache on any of the acreage in the
dedicated area.

The associated Apache production will be gathered and processed at one or more
of the Partnership's cryogenic processing plants in the Texas Panhandle. Eagle
Rock's Texas Panhandle assets consist of approximately 6,500 miles of
gathering pipeline and over 480 MMcf/d of high-efficiency processing capacity,
with an additional 60 MMcf/d of processing capacity expected to come on-line
in the second quarter of 2013 following the completion of Eagle Rock's
previously announced Wheeler Plant.

"We are very excited and pleased to be expanding our commercial relationship
with Apache," said Joseph A. Mills, Eagle Rock's Chairman and Chief Executive
Officer. "Apache remains one of the most prominent and active oil and gas
operators in the Texas Panhandle, and this important Agreement helps us in
accomplishing two of our primary goals in our Midstream Business: strengthen
our commercial position in the Texas Panhandle and increase the stability of
our cash flows through more fee-based processing arrangements."

About the Partnership

The Partnership is a growth-oriented master limited partnership engaged in two
businesses: a) midstream, which includes (i) gathering, compressing, treating,
processing and transporting natural gas; (ii) fractionating and transporting
natural gas liquids (NGLs); (iii) crude oil and condensate logistics and
marketing; and (iv) natural gas marketing and trading; and b) upstream, which
includes exploiting, developing, and producing hydrocarbons in oil and natural
gas properties. 

This news release may include "forward-looking statements." 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, including statements
regarding the expected closing of the acquisition and timing thereof, purchase
price multiples and the anticipated impact on the Partnership's financial
results, are forward-looking statements and speak only as of the date on which
such statement is made. 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. These include, but are not limited to, risks
related to volatility or declines (including sustained declines) in commodity
prices; market demand for crude oil, natural gas and natural gas liquids; the
effectiveness of the Partnership's hedging activities; the Partnership's
ability to retain key customers; the Partnership's ability to continue to
obtain new sources of crude oil and natural gas supply; the availability of
local, intrastate and interstate transportation systems and other facilities
to transport crude oil, natural gas and natural gas liquids; competition in
the oil and gas industry; the Partnership's ability to obtain credit and
access the capital markets; the Partnership's ability to obtain necessary
government and regulatory approvals related to the acquisition; ability to
obtain necessary third-party consents and approvals related to the
acquisition; general economic conditions; and the effects of government
regulations and policies. Should one or more of these risks or uncertainties
occur, or should underlying assumptions prove incorrect, the Partnership's
actual results and plans could differ materially from those implied or
expressed by any forward-looking statements. The Partnership assumes no
obligation to update any forward-looking statement as of any future date. For
a detailed list of the Partnership's risk factors, please consult the
Partnership's Form 10-K for the year ended December 31, 2012, as well as any
other public filings and press releases.

CONTACT: Eagle Rock Energy Partners, L.P.
        
         Jeff Wood, 281-408-1203
         Senior Vice President and Chief Financial Officer
        
         Adam Altsuler, 281-408-1350
         Director, Corporate Finance and Investor Relations

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