X0202 4 2006-11-20 0 0001362705 Constellation Energy Partners LLC CEP 0001004440 CONSTELLATION ENERGY GROUP INC 750 E PRATT STREET BALTIMORE MD 21202 0 0 1 0 0001378012 Constellation Energy Partners Holdings, LLC 111 MARKET PLACE BALTIMORE MD 21202 0 0 1 0 Common units representing Class B LLC interests 2006-11-20 4 J 0 6593894 0 A 6593894 I See footnotes Units representing Class A LLC interests 2006-11-20 4 J 0 226406 0 A 226406 I See footnotes Class C LLC interests 2006-11-20 4 J 0 0 0 A 0 I See footnotes Class D LLC interests 2006-11-20 4 J 0 0 0 A 0 I See footnotes Upon the closing of Constellation Energy Partners LLC's inital public offering, Constellation Energy Partners Holdings, LLC's pre-existing membership interest was converted into 6,593,894 common units representing Class B limited liability company interests, 226,406 units representing Class A limited liability company interests and all of the Class C limited liability interests in Constellation Energy Partners LLC (the "Company"). Constellation Energy Group, Inc. indirectly owns 100% of Constellation Energy Partners Holdings, LLC and Constellation Holdings, Inc. ("CHI"). Upon the closing of the Company's inital public offering, CHI contributed $8.0 million to the Company in exchange for all of the Company's Class D limited liability company interests. /s/ Felix Dawson, Constellation Energy Group, Inc. - Senior Vice President; Constellation Energy Partners Holdings, LLC - Co-President and Co-Chief Executive Officer 2006-11-22