Last $2.37 USD
Change Today +0.0501 / 2.16%
Volume 52.1K
EROC On Other Exchanges
Symbol
Exchange
Berlin
As of 9:34 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

1415 Louisiana Street

Suite 2700

Houston, TX 77002

United States

Phone: 281-408-1200

Fax:

Eagle Rock Energy Partners, L.P. is engaged in the business of developing and producing interests in oil and natural gas properties (Upstream Business). The company is also engaged in gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting natural gas liquids (NGLs); crude oil and condensate logistics and marketing; and natural gas marketing and trading (Midstream Business). Upstream Business The company’s Upstream Business consists of properties located in four significant oil and gas producing regions: South Alabama (which includes the associated gathering, processing and treating assets); Mid-Continent (which includes areas in Oklahoma, Arkansas and the Texas Panhandle); Permian (which includes areas in West Texas); and East Texas/South Texas/Mississippi/Louisiana. Upstream Business has high working interest properties with extensive production histories and development opportunities located in four regions within the United States, including South Alabama, which includes the associated gathering, processing and treating assets; Mid-Continent, which includes areas in Oklahoma, Arkansas and the Texas Panhandle acquired in conjunction with its CC Energy II L.L.C. acquisition (Mid-Continent Acquisition) in 2011; Permian, which includes areas in West Texas; and East Texas/South Texas/Mississippi/Louisiana. As of December 31, 2013, these working interest properties included 562 gross operated productive wells and 1,202 gross non-operated wells with net production of approximately 74.2 thousand cubic feet of natural gas equivalent per day (MMcfe/d) and proved reserves of approximately 177.2 billion cubic feet of natural gas, 13.5 million barrels of crude oil, and 14.6 million barrels of NGLs. South Alabama Region: The South Alabama region includes the Big Escambia Creek, Flomaton and Fanny Church fields located in Escambia County, Alabama. These fields produce from either the Smackover or Norphlet formations at depths ranging from approximately 15,000 to 16,000 feet. The Big Escambia Creek field encompasses approximately 11,568 gross (7,436 net) Eagle Rock operated acres. The company operates 18 productive wells with an average ownership of 63% working interest and 54% net revenue interest in the Big Escambia Creek field. The Fanny Church field is located 2 miles east of Big Escambia Creek. The company’s ownership includes approximately 1,123 gross (839 net) operated acres that include three productive operated wells with an ownership of 80% working interest and 62% net revenue interest. The field encompasses approximately 2,570 gross (2,252 net) Eagle Rock operated acres and produces from the Norphlet formation at depths from approximately 15,000 to 16,000 feet. The company operates three productive wells with an approximate average 91% working interest and 78% net revenue interest. Mid-Continent Region: The Mid-Continent region consists of operated and non-operated properties in the Golden Trend field, Cana Shale play, Verden field, and other fields located in the Anadarko Basin of western Oklahoma; the Mansfield field and other fields in the Arkoma Basin of Arkansas and Oklahoma; and various fields in the Texas Panhandle. The company has a significant ownership position in the new and expanding Cana (Woodford) Shale and Southeast Cana Shale plays in western Oklahoma. It has approximately 17,427 net acres in these plays extending across Canadian, Blaine, Dewey, Grady, Garvin, McClain and Stephens Counties in Oklahoma. The Cana and Southeast Cana Shale produce from horizontal wells drilled to vertical depths of 11,000 to 15,500 feet and extended with horizontal lateral lengths of approximately 5,000 to 10,000 feet. In the Mid-Continent region, the company operates 299 productive wells and owns a working interest in an additional 1,044 non-operated productive wells. The average working interest in these productive operated and non-operated wells is 83% and 9%, respectively. The net production averaged approximately 46.9 MMcfe/d in the year ended 2013, of which approximately 73% was produced from wells the company operated. Permian Region: The

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EROC:US $2.37 USD +0.0501

EROC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
American Midstream Partners LP $17.80 USD -0.1099
Blueknight Energy Partners LP $6.78 USD -0.18
Key Energy Services Inc $1.82 USD 0.00
Legacy Reserves LP $10.16 USD +0.225
Southcross Energy Partners LP $12.29 USD -0.09
View Industry Companies
 

Industry Analysis

EROC

Industry Average

Valuation EROC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.4x
Price/Cash Flow 0.9x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EAGLE ROCK ENERGY PARTNERS, please visit www.eaglerockenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.