0001209821
2011-12-31
0001209821
2012-03-31
0001209821
2012-01-01
2012-03-31
0001209821
2011-01-01
2011-03-31
0001209821
2010-12-31
0001209821
2011-03-31
0001209821
us-gaap:AdditionalPaidInCapitalMember
2011-12-31
0001209821
us-gaap:AdditionalPaidInCapitalMember
2012-01-01
2012-03-31
0001209821
us-gaap:AdditionalPaidInCapitalMember
2012-03-31
0001209821
us-gaap:RetainedEarningsMember
2011-12-31
0001209821
us-gaap:RetainedEarningsMember
2012-01-01
2012-03-31
0001209821
us-gaap:RetainedEarningsMember
2012-03-31
0001209821
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2011-12-31
0001209821
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2012-01-01
2012-03-31
0001209821
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2012-03-31
0001209821
us-gaap:NoncontrollingInterestMember
2011-12-31
0001209821
us-gaap:NoncontrollingInterestMember
2012-01-01
2012-03-31
0001209821
us-gaap:NoncontrollingInterestMember
2012-03-31
0001209821
us-gaap:CommonStockMember
2011-12-31
0001209821
us-gaap:CommonStockMember
2012-01-01
2012-03-31
0001209821
us-gaap:CommonStockMember
2012-03-31
xbrli:shares
iso4217:USD
iso4217:USD
xbrli:shares
10-Q
Q1
2012-03-31
2012
false
CROSSTEX ENERGY INC.
0001209821
Yes
No
--12-31
Accelerated Filer
Yes
47352223000
0
30343000
22680000
2867000
209052000
1242890000
0
451462000
35000000
1962616000
106233000
5587000
66567000
225854000
798409000
23919000
85187000
0
829247000
1962616000
26790000
12352000
1274000
175347000
1252271000
131000
438734000
39860000
1930549000
80203000
4843000
47444000
157870000
852883000
23156000
84605000
110000
811925000
1930549000
118579000
143197000
16352000
9965000
16389000
22549000
24206000
24212000
405000
406773000
199248000
211975000
426227000
210000
8991000
24918000
371709000
271956000
27806000
15606000
98000
-2169000
32196000
349635000
22074000
-19380000
12000
-19368000
2706000
-63000
2769000
-825000
489770000
399933000
25044000
12481000
19000
-3421000
29672000
470532000
19238000
-19767000
113000
-19654000
-416000
-650000
234000
-1536000
3594000
1770000
47350000
47075000
47350000
47075000
-0.02
-0.03
-0.02
-0.03
-319000
3052000
-773000
-1705000
-675000
-349000
-1258000
3825000
1030000
35000
-4000
38000
-138000
-36000
2564000
-5366000
734000
-801000
16037000
244211000
1199000
0
0
736000
0
0
244674000
-82177000
0
-5366000
-825000
0
0
0
-88368000
-85000
0
0
0
0
0
0
-33000
666827000
1365000
0
3594000
0
-801000
16037000
655179000
471000
0
0
0
-2000
0
0
473000
47194000
158000
47352000
0
0
0
-59000
-260000
0
0
0
-7000
-29000
-3553000
-16953000
22780000
5827000
34183000
33693000
0
0
-738000
1143000
1247000
474000
11047000
36269000
121000
4860000
-41008000
169000000
115000000
762000
-2651000
1240000
178000
26408000
-1028000
1574000
1552000
474000
1732000
21596000
47000
0
-21549000
84250000
68250000
723000
6302000
106000
2864000
-34949000
5817000
-57642000
-3551000
1522000
-35011000
16037000
785000
12882000
-980000
-1328000
-3838000
2255000
224000
<div style="text-align:center;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">CROSSTEX ENERGY, INC.</font></div><p style='margin-top:0pt; margin-bottom:0pt'> </p><div style="text-align:center;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Notes to Condensed Consolidated Financial Statements</font></div><div style="text-align:center;"> </div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div style="text-align:center;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">March 31, 2012</font></div><div style="text-align:center;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(Unaudited)</font></div><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> General</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Unless the context requires otherwise, references to “we,” “us,” “our</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">,</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">”</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> “</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">CEI”</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> or</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">the “</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Company</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">” mean Crosstex Energy,</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> Inc</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">. and its consolidated subsidiaries.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:28.8px;">Crosstex Energy, Inc.</font><font style="font-family:Times New Roman;font-size:10pt;">, a Delaware </font><font style="font-family:Times New Roman;font-size:10pt;">corporation</font><font style="font-family:Times New Roman;font-size:10pt;"> formed on </font><font style="font-family:Times New Roman;font-size:10pt;">April 28, 2000</font><font style="font-family:Times New Roman;font-size:10pt;">, is engaged</font><font style="font-family:Times New Roman;font-size:10pt;">, through its subsidiaries,</font><font style="font-family:Times New Roman;font-size:10pt;"> in the gathering, transmission, processing </font><font style="font-family:Times New Roman;font-size:10pt;">and marketing of natural gas, </font><font style="font-family:Times New Roman;font-size:10pt;">natural gas liquids (NGLs)</font><font style="font-family:Times New Roman;font-size:10pt;">, and</font><font style="font-family:Times New Roman;font-size:10pt;"> providing terminal services for</font><font style="font-family:Times New Roman;font-size:10pt;"> crude oil</font><font style="font-family:Times New Roman;font-size:10pt;">. The </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> connects the wells of natural gas producers in the geographic areas of its gathering systems in order to gather for a fee or purchase the gas production, processes natural gas for the removal of NGLs, transports natural gas and NGLs and ultimately provides natural gas and NGLs to a variety of markets.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company operates processing plants that process gas transported to the plants by major interstate pipelines or from our own gathering systems under a variety of fee arrangements.</font><font style="font-family:Times New Roman;font-size:10pt;"> In addition, the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> purchases natural gas and NGLs from producers not connected to its gathering systems for resale and markets natural gas and NGLs on behalf of producers for a fee.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Company recently added crude oil terminal facilities in south Louisiana to provide access for crude oil producers to the premium markets in this area.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:28.8px;">The accompanying condensed consolidated financial statements include the assets, liabilities and results of operations of the Company, its majority owned subsidiaries and Crosstex Energy, L.P. (herein referred to as the Partnership or CELP), a publicly traded Delaware limited partnership. The Partnership is included because CEI controls the general partner of the Partnership.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">a) Basis of Presentation</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:28.8px;">The accompanying condensed consolidated financial statements are prepared in accordance with the instructions to Form 10-Q, are unaudited and do not include all the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments that, in the opinion of management, are necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim periods are not necessarily indicative of results of operations for a full year. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to the consolidated financial statements for the prior year to conform to the current presentation. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the </font><font style="font-family:Times New Roman;font-size:10pt;">Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> annual report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011.</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:28.8px;">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management of the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results co</font><font style="font-family:Times New Roman;font-size:10pt;">uld differ from these estimates.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">(b) Investment in Limited Liability Company</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">On June 22, 2011, the Partnership entered into a limited liability agreement with Howard Energy Partners (“HEP”) for an initial capital contribution of $35.0 million in exchange for an individual ownership interest in HEP of approximately 35.0 percent. In addition to the Partnership's contribution, an unrelated party also provided a capital contribution of $35.0 million for a 35.0 percent ownership interest in HEP with HEP management and a few private investors owning the remaining 30.0 percent interest. HEP owns midstream assets and provides midstream and construction services to Eagle Ford Shale producers. This investment in HEP is accounted for under the equity method of accounting and is reflected on the balance sheet as “Investment in limited liability company.” On March 13, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> the Partnership made a $4.9 million capital contribution to HEP related</font><font style="font-family:Times New Roman;font-size:10pt;"> to</font><font style="font-family:Times New Roman;font-size:10pt;"> HEP's announced definitive agreement to acquire substantially all of Meritage Midstream Services' natural gas </font><font style="font-family:Times New Roman;font-size:10pt;">gathering assets in sout</font><font style="font-family:Times New Roman;font-size:10pt;">h Texas as described in Note (12</font><font style="font-family:Times New Roman;font-size:10pt;">) Subsequent Event.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">(c) Potential Changes in use of Sabine Plant during 2012.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Currently, </font><font style="font-family:Times New Roman;font-size:10pt;">the Partnership's</font><font style="font-family:Times New Roman;font-size:10pt;"> Sabine plant has a contract with a third-party to fractionate the raw-make NGLs produced by the plant. This contract, which was scheduled to expire on March 1, 2012, was extended through June 30, 2012 and may be extended on a month-to-month basis thereafter. </font><font style="font-family:Times New Roman;font-size:10pt;">The Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> will negotiate with this third-party to establish a long-term fract</font><font style="font-family:Times New Roman;font-size:10pt;">ionation agreement</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">If this</font><font style="font-family:Times New Roman;font-size:10pt;"> third-party ceases to fractionate the produced NGLs from the Sabine plant after June 30, 2012 and </font><font style="font-family:Times New Roman;font-size:10pt;">the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> unsuccessful in determi</font><font style="font-family:Times New Roman;font-size:10pt;">ning another alternative for its </font><font style="font-family:Times New Roman;font-size:10pt;">Sabine customers, </font><font style="font-family:Times New Roman;font-size:10pt;">the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> will cease operation of the Sabine plant. Although </font><font style="font-family:Times New Roman;font-size:10pt;">the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> do</font><font style="font-family:Times New Roman;font-size:10pt;">es</font><font style="font-family:Times New Roman;font-size:10pt;"> not have specific plans at this time to relocate the Sabine plant if it is idled, </font><font style="font-family:Times New Roman;font-size:10pt;">the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> may utilize it elsewhere in </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> operations. The net book value of the Sabine plant was $47.4 million (including $13.7 million of intangible assets attributable to customer relationships) as of March 31, 2012. If the plant is idled on a long-</font><font style="font-family:Times New Roman;font-size:10pt;">term basis</font><font style="font-family:Times New Roman;font-size:10pt;">, an impairment may be recorded to expense the non-recoverable costs associated with the plant's current location, which are estimated to be less than $28.0 million based on the net book value as of March 31, 2012.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">2</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Long-Term Debt</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">, long-term debt consisted of the following (in thousands):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Bank credit facility (due 2016), interest based on Prime and/or LIBOR plus an applicable margin,</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">interest rate at March 31, 2012 and December 31, 2011 was 3.16% and 2.9%, respectively</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 139,000</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 85,000</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Senior unsecured notes (due 2018), net of discount of $11.1 million and $11.6 million,</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">respectively, which bear interest at the rate of 8.875%</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 713,883</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 713,409</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Debt classified as long-term </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 852,883</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 798,409</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:14.4px;">Credit Facility</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">, there was </font><font style="font-family:Times New Roman;font-size:10pt;">$59.8 million</font><font style="font-family:Times New Roman;font-size:10pt;"> in outstanding letters of credit</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$139.0 million</font><font style="font-family:Times New Roman;font-size:10pt;"> borrowed </font><font style="font-family:Times New Roman;font-size:10pt;">under the</font><font style="font-family:Times New Roman;font-size:10pt;"> Partnership's</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">bank credit facility</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> leaving approximately </font><font style="font-family:Times New Roman;font-size:10pt;">$436.2 million</font><font style="font-family:Times New Roman;font-size:10pt;"> available for future borrowing</font><font style="font-family:Times New Roman;font-size:10pt;"> based on the </font><font style="font-family:Times New Roman;font-size:10pt;">borrowing capacity of </font><font style="font-family:Times New Roman;font-size:10pt;">$635.0 million</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> O</font><font style="font-family:Times New Roman;font-size:10pt;">n January 24, 2012, </font><font style="font-family:Times New Roman;font-size:10pt;">the Partnership amended its</font><font style="font-family:Times New Roman;font-size:10pt;"> credit facilit</font><font style="font-family:Times New Roman;font-size:10pt;">y. This amendment increased its</font><font style="font-family:Times New Roman;font-size:10pt;"> borrowing capacity from $485.0 million to $635.0 million and</font><font style="font-family:Times New Roman;font-size:10pt;"> amended certain terms under the facility to</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">provide</font><font style="font-family:Times New Roman;font-size:10pt;"> additional financial flexibility during the remaining four-year term of the facility</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The credit facility is guaranteed by substantially all of the Partnership's subsidiaries and is secured by first priority liens on substantially all of the Partnership's assets and those of the guarantors, including all material pipeline, gas gathering and processing assets, all material working capital assets and a pledge of all of the Partnership's equity interests in substantially all of its subsidiaries</font><font style="font-family:Times New Roman;font-size:10pt;"> and its</font><font style="font-family:Times New Roman;font-size:10pt;"> interest</font><font style="font-family:Times New Roman;font-size:10pt;"> in HEP.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership may prepay all loans under the amended credit facility at any time without premium or penalty (other than customary LIBOR breakage costs), subject to certain notice requirements. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:-8.1px;"> All </font><font style="font-family:Times New Roman;font-size:10pt;">material terms of the credit facility are described in</font><font style="font-family:Times New Roman;font-size:10pt;"> Part II, “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations – Indebtedness” in</font><font style="font-family:Times New Roman;font-size:10pt;"> the </font><font style="font-family:Times New Roman;font-size:10pt;">Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">An</font><font style="font-family:Times New Roman;font-size:10pt;">nual Report on Form 10-K </font><font style="font-family:Times New Roman;font-size:10pt;">for </font><font style="font-family:Times New Roman;font-size:10pt;">the year ended December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">. The </font><font style="font-family:Times New Roman;font-size:10pt;">Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> expects to be in compliance with all credit facility covenants for at least the next twelve months.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">3</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Other Long-term Liabilities</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Prior to January 1, 2011, t</font><font style="font-family:Times New Roman;font-size:10pt;">he Partnership entered into 9 and 10-year capital leases for certain equipment. Assets under capital leases </font><font style="font-family:Times New Roman;font-size:10pt;">as of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are summarized as follows (in thousands):</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="2" style="width: 595px; text-align:left;border-color:#000000;min-width:595px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Compressor equipment</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 37,199</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 595px; text-align:left;border-color:#000000;min-width:595px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Accumulated amortization</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (11,224)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 595px; text-align:left;border-color:#000000;min-width:595px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net assets under capital leases</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 25,975</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 575px; text-align:left;border-color:#000000;min-width:575px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="5" rowspan="2" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> The following are the minimum lease payments to be made in each of the following years indicated for the capital leases in effect as of March 31, 2012 (in thousands):</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 575px; text-align:left;border-color:#000000;min-width:575px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2012</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,436</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2013 through 2016 ($4,582 annually)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 18,329</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Thereafter </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 12,099</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Less: Interest </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (6,260)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net minimum lease payments under capital lease </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 27,604</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Less: Current portion of net minimum lease payments </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,448)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 550px; text-align:left;border-color:#000000;min-width:550px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term portion of net minimum lease payments </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 23,156</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(4)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Certain Provisions of the Partnership Agreement</font></p><p style='margin-top:5pt; margin-bottom:5pt'><font style="font-family:Times;font-size:10pt;margin-left:36px;">Unless restricted by the terms of the Partnership's credit facility, the Partnership must make distributions of 100.0% of available cash, as defined in the partnership agreement, within 45 days following the end of each quarter. Distributions will generally be made 98.0% to the common unitholders and 2.0% to the general partner, subject to the payment of incentive distributions as described below to the extent that certain target levels of cash distributions are achieved. </font></p><p style='margin-top:5pt; margin-bottom:5pt'><font style="font-family:Times;font-size:10pt;margin-left:36px;">Under the quarterly incentive distri</font><font style="font-family:Times;font-size:10pt;">bution provisions, generally the Partnership's</font><font style="font-family:Times;font-size:10pt;"> general partner is entitled to 13.0% of amounts the Partnership distributes in excess of $0.25 per unit, 23.0% of the amounts the Partnership distributes in excess of $0.3125 per unit and 48.0% of amounts the Partnership distributes in excess of $0.375 per unit. Incen</font><font style="font-family:Times;font-size:10pt;">ti</font><font style="font-family:Times;font-size:10pt;">ve distribution</font><font style="font-family:Times;font-size:10pt;">s totaling $1.0 </font><font style="font-family:Times;font-size:10pt;">million and $0.4 </font><font style="font-family:Times;font-size:10pt;">million</font><font style="font-family:Times;font-size:10pt;"> were earned by the Company for the </font><font style="font-family:Times;font-size:10pt;">three </font><font style="font-family:Times;font-size:10pt;">month</font><font style="font-family:Times;font-size:10pt;">s ended March 31</font><font style="font-family:Times;font-size:10pt;">, </font><font style="font-family:Times;font-size:10pt;">2012 and 2011</font><font style="font-family:Times;font-size:10pt;">, respectively</font><font style="font-family:Times;font-size:10pt;">.</font><font style="font-family:Times;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The Partnership's</font><font style="font-family:Times New Roman;font-size:10pt;"> fourth</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;"> distribution</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> on its common and preferred units of</font><font style="font-family:Times New Roman;font-size:10pt;"> $0.32 per unit were</font><font style="font-family:Times New Roman;font-size:10pt;"> paid on</font><font style="font-family:Times New Roman;font-size:10pt;"> Febr</font><font style="font-family:Times New Roman;font-size:10pt;">uary 14</font><font style="font-family:Times New Roman;font-size:10pt;">, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">. The Partnership's</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">first </font><font style="font-family:Times New Roman;font-size:10pt;">quarter</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2012</font><font style="font-family:Times New Roman;font-size:10pt;"> distribution on i</font><font style="font-family:Times New Roman;font-size:10pt;">ts common and preferred units of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">0.33</font><font style="font-family:Times New Roman;font-size:10pt;"> per unit</font><font style="font-family:Times New Roman;font-size:10pt;"> is to be paid on May</font><font style="font-family:Times New Roman;font-size:10pt;"> 15</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">2012</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p>
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(5</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">) Earnings per </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Share</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> and Diluti</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">on</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Computations</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Basic earnings per share was computed by dividing net income by the weighted average number of common shares outstanding for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;">. The </font><font style="font-family:Times New Roman;font-size:10pt;">computation of diluted earnings per share further assumes the dilutive effect of common share options and restricted shares. All common share equivalents were antidilutive in </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;"> because the Company had</font><font style="font-family:Times New Roman;font-size:10pt;"> a</font><font style="font-family:Times New Roman;font-size:10pt;"> net loss for </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> periods.</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The following table reflects the computation of basic earnings per </font><font style="font-family:Times New Roman;font-size:10pt;">share</font><font style="font-family:Times New Roman;font-size:10pt;"> for the periods presented (in thousands except per </font><font style="font-family:Times New Roman;font-size:10pt;">share</font><font style="font-family:Times New Roman;font-size:10pt;"> amounts)</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"> <font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 185px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:185px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31,</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:center;border-color:#000000;min-width:450px;"> <font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net loss attributable to Crosstex Energy, Inc.</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (825)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,536)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Distributed earnings allocated to:</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Common shares </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,209</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,763</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Unvested restricted shares </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 158</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 75</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total distributed earnings </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,367</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,838</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Undistributed loss allocated to:</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Common shares</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (6,016)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (5,265)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Unvested restricted shares </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (176)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (109)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Senior subordinated series D units </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total undistributed loss </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (6,192)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (5,374)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net loss allocated to:</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Common shares</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (807)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,502)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Unvested restricted shares </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (18)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (34)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total net loss </font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (825)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,536)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="2" style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic and diluted net loss per share:</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 85px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:85px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 85px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:85px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basic common share</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (0.02)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (0.03)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Diluted common share</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;" /></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (0.02)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (0.03)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The following are the</font><font style="font-family:Times New Roman;font-size:10pt;"> common share</font><font style="font-family:Times New Roman;font-size:10pt;"> amounts used to compute the basic and diluted earnings per </font><font style="font-family:Times New Roman;font-size:10pt;">common share</font><font style="font-family:Times New Roman;font-size:10pt;"> for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;"> (in thousands):</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 170px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:170px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31,</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="3" style="width: 515px; text-align:left;border-color:#000000;min-width:515px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic and diluted weighted average shares outstanding:</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 495px; text-align:center;border-color:#000000;min-width:495px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted average common shares outstanding </font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 47,350</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 47,075</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">6</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Employee Incentive Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'></p><ul><li style="margin-left:30px;list-style:lower-alpha;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Long-Term Incentive Plans</font></li></ul><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> The </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> accounts for share-based compensation in accordance with FASB ASC 718, which requires</font><font style="font-family:Times New Roman;font-size:10pt;"> that</font><font style="font-family:Times New Roman;font-size:10pt;"> compensation related to all stock-based awards, including stock options, be recognized in the consolidated financial statements. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The </font><font style="font-family:Times New Roman;font-size:10pt;">Company and the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> each have similar unit or share-based payment plans for employees, which are described below. Amounts recognized in the</font><font style="font-family:Times New Roman;font-size:10pt;"> condensed</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">consolidated financial statements with respect to these plans are as follows (in thousands): </font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 163px; text-align:center;border-color:#000000;min-width:163px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 163px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:163px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cost of share-based compensation charged to general and </font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:65px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:65px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">administrative expense</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,241</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,790</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:center;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Cost of share-based compensation charged to operating expense </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 323</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 465</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total amount charged to income </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,564</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,255</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest of non-controlling partners in share-based compensation</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 994</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 910</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amount of related income tax benefit recognized in income</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 582</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 499</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(b)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Partnership</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Restricted Units</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The restricted units are valued at their fair value at the date of grant which is equal to the market value of common units on such date. A summary of the restricted unit activity for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> is provided below:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 190px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2012</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td rowspan="3" style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td rowspan="3" style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" rowspan="3" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average Grant-Date Fair Value</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Number of</font></td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Crosstex Energy, L.P. Restricted Units:</font></td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Units</font></td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Non-vested, beginning of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 949,844</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10.45</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Granted </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 330,200</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 16.89</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Vested* </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (216,447)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6.13</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Forfeited </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,245)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13.38</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Non-vested, end of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,060,352</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13.33</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Aggregate intrinsic value, end of period (in thousands) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 18,121</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:85px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 18px"><td colspan="8" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">_____________________</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">* Vested units include 60,401 units withheld for payroll taxes paid on behalf of employees.</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership issued restricted units in 20</font><font style="font-family:Times New Roman;font-size:10pt;">12</font><font style="font-family:Times New Roman;font-size:10pt;"> to</font><font style="font-family:Times New Roman;font-size:10pt;"> officers and other employees. These restricted units typically vest at the end of three years and are included in the restricted </font><font style="font-family:Times New Roman;font-size:10pt;">units</font><font style="font-family:Times New Roman;font-size:10pt;"> ou</font><font style="font-family:Times New Roman;font-size:10pt;">tstanding and the current share-</font><font style="font-family:Times New Roman;font-size:10pt;">based compensation cost calculations at </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">A summary of the restricted units' aggregate intrinsic value (market value at vesting date) and fair value of units vested (market value at date of grant) during the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;"> are provided below (in thousands):</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Crosstex Energy, L.P. Restricted Units:</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Aggregate intrinsic value of units vested </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,511</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,239</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of units vested </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,327</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,173</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="7" style="width: 680px; text-align:left;border-color:#000000;min-width:680px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="8" rowspan="2" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> As of March 31, 2012, there was $8.7 million of unrecognized compensation cost related to non-vested restricted units. That cost is expected to be recognized over a weighted-average period of 2.1 years.</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(c) </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Partnership</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Unit Options</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">A summary of the unit option activity for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> is provided below:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 190px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2012</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td rowspan="3" style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td rowspan="3" style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Number of</font></td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Average</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Crosstex Energy, L.P. Unit Options:</font></td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Units</font></td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Exercise Price</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Outstanding, beginning of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 451,574</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6.99</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Exercised </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (34,668)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5.17</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Forfeited </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,871)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 18.38</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Outstanding, end of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 413,035</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7.05</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:center;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Options exercisable at end of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 345,668</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Weighted average contractual term (years) end of period:</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Options outstanding </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6.9</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Options exercisable </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6.7</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Aggregate intrinsic value end of period (in thousands):</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Options outstanding </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,572</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Options exercisable </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,825</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">A summary of the unit options intrinsic value exercised (market value in excess of exercise price at date of exercise</font><font style="font-family:Times New Roman;font-size:10pt;">) and fair value of units ex</font><font style="font-family:Times New Roman;font-size:10pt;">er</font><font style="font-family:Times New Roman;font-size:10pt;">cised</font><font style="font-family:Times New Roman;font-size:10pt;"> (value per Black-Scholes</font><font style="font-family:Times New Roman;font-size:10pt;">-Merton</font><font style="font-family:Times New Roman;font-size:10pt;"> option pricing model at date of grant) during the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;"> are provided below (in thousands):</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> March 31,</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Crosstex Energy, L.P. Unit Options:</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Intrinsic value of unit options exercised </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 411</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 506</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of unit options vested</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 277</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 325</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="7" style="width: 680px; text-align:left;border-color:#000000;min-width:680px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 17px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="8" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> As of March 31, 2012, there was $0.2 million of unrecognized compensation cost related to non-vested unit options. That cost is expected to be recognized during 2012.</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(d)</font><font style="font-family:Times New Roman;font-size:3pt;font-weight:bold;font-style:italic;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Crosstex Energy, Inc.'s </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Restricted </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Stock</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> restricted shares are valued</font><font style="font-family:Times New Roman;font-size:10pt;"> at their fair value at the date of grant which is equal to the market value of the common stock on such date. A summary of the restricted share activities for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> is provided below:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td rowspan="2" style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td rowspan="2" style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 190px; text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 19px"><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td colspan="5" style="width: 190px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31, 2012</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 10px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td rowspan="3" style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" rowspan="3" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Number of Shares</font></td><td rowspan="3" style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" rowspan="3" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average Grant-Date Fair Value
</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 10px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 10px"><td colspan="2" style="width: 490px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Crosstex Energy, Inc. Restricted Shares:</font></td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Non-vested, beginning of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,221,351</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7.40</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Granted </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 427,990</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13.38</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Vested* </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (216,447)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4.65</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Forfeited </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,551)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8.73</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Non-vested, end of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,428,343</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 9.61</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Aggregate intrinsic value, end of period (in thousands) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 20,197</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:85px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="8" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">________________________</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="8" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> * Vested shares include 58,247 shares withheld for payroll taxes paid on behalf of employees.</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">CEI</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">issued</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">restricted shares in </font><font style="font-family:Times New Roman;font-size:10pt;">2012</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to officers</font><font style="font-family:Times New Roman;font-size:10pt;"> and other employees. These restricted shares typically vest at the end of three years and are </font><font style="font-family:Times New Roman;font-size:10pt;">included in restricted shares outstanding and the current share-based compensation cost calculations at </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">A summary of the restricted shares' aggregate intrinsic value (market value at vesting date) and fair value of shares vested (market value at date of grant) during the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;"> are provided below (in thousands):</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Crosstex Energy, Inc. Restricted Shares:</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Aggregate intrinsic value of shares vested </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,736</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,578</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of shares vested </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,006</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,890</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="7" style="width: 690px; text-align:left;border-color:#000000;min-width:690px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="7" style="width: 690px; text-align:left;border-color:#000000;min-width:690px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> As of March 31, 2012, there was $8.6 million of unrecognized compensation costs related to non-vested CEI restricted shares. The cost is expected to be recognized over a weighted average period of 2.2 years.</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(e)</font><font style="font-family:Times New Roman;font-size:3pt;font-weight:bold;font-style:italic;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Crosstex Energy, Inc.'</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">s</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Stock Option</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">s</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">CEI stock options have not been granted </font><font style="font-family:Times New Roman;font-size:10pt;">as a means of compensation</font><font style="font-family:Times New Roman;font-size:10pt;"> since 2005. </font><font style="font-family:Times New Roman;font-size:10pt;">All options</font><font style="font-family:Times New Roman;font-size:10pt;"> outstanding </font><font style="font-family:Times New Roman;font-size:10pt;">at December 31, 2009 were </font><font style="font-family:Times New Roman;font-size:10pt;">vested and exercisable with all associated costs recognized. The following is a summary of the CEI stock options outstanding as of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 190px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2012</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Number of</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Average</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Crosstex Energy, Inc. Stock Options:</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Shares</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Exercise Price</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Outstanding, beginning of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 37,500</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6.50</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Forfeited</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Outstanding, end of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 37,500</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">6.50</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:center;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Options exercisable at end of period </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 37,500</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">6.50</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Weighted average contractual term (years) end of period</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2.7</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">7</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Derivatives</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Commodity Swaps</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership manages its exposure to fluctuations in commodity prices by hedging the impact of market fluctuations. Swaps are used to manage and hedge price and location risk</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> related to these market exposures. Swaps are also used to manage margins on offsetting fixed-price purchase or sale commitments for physical quantities of natural gas and NGLs.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership commonly enters into various derivative financial transactions which it does not designate as </font><font style="font-family:Times New Roman;font-size:10pt;">accounting </font><font style="font-family:Times New Roman;font-size:10pt;">hedges. These transactions include “swing swaps,” “third party on-system financial swaps,”</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">“st</font><font style="font-family:Times New Roman;font-size:10pt;">orage swaps,” “basis swaps,”</font><font style="font-family:Times New Roman;font-size:10pt;"> “processing margin swaps</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">”</font><font style="font-family:Times New Roman;font-size:10pt;"> “liquids swaps” a</font><font style="font-family:Times New Roman;font-size:10pt;">nd “put options.” </font><font style="font-family:Times New Roman;font-size:10pt;"> Swing swaps are generally sh</font><font style="font-family:Times New Roman;font-size:10pt;">ort-term in nature (one month) </font><font style="font-family:Times New Roman;font-size:10pt;">and are usually entered into to protect against changes in the volume of daily versus first-of-month index priced gas supplies or markets. Third party on-system financial swaps are hedges that the Partnership enters into on behalf of its customers who are connected to its systems, wherein the Partnership fixes a supply or market price for a period of time for its customers, and simultaneously enters into the derivative transaction. Storage swap transactions protect against changes in the value of </font><font style="font-family:Times New Roman;font-size:10pt;">products</font><font style="font-family:Times New Roman;font-size:10pt;"> that the Partnership has stored to serve various operational requirements</font><font style="font-family:Times New Roman;font-size:10pt;"> (gas) or has in inventory due to short term constraints in moving the product to market (liquids)</font><font style="font-family:Times New Roman;font-size:10pt;">. Basis swaps are used to hedge basis location price risk due to buying gas into one of the Partnership's systems on one index and selling gas off that same system on a different index. Processing margin financial swaps are used to hedge fractionation spread risk at the Partnership's processing plants relating to the option to process versus bypassing the Partnership's equity gas.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Liquids financial swaps are used to hedge price risk on percent of liquids (POL) contracts. </font><font style="font-family:Times New Roman;font-size:10pt;">Put options are purchased to hedge against declines in pricing and as such represent options, not obligations, to sell the related underlying volumes at a fixed price.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The components of loss on derivatives in the</font><font style="font-family:Times New Roman;font-size:10pt;"> condensed</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated statements of operations </font><font style="font-family:Times New Roman;font-size:10pt;">relating to commodity swaps are provided below </font><font style="font-family:Times New Roman;font-size:10pt;">(in thousands):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Change in fair value of derivatives that do not qualify for hedge</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">accounting</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,181</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,555</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Realized losses on derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,026</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,761</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Ineffective portion of derivatives qualifying for hedge accounting </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (38)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net losses related to commodity swaps </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,169</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,335</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Put option premium mark to market</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 86</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Losses on derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,169</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,421</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="5" style="width: 615px; text-align:left;border-color:#000000;min-width:615px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">The fair value of derivative assets and liabilities relating to commodity swaps are as follows (in thousands):</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 490px; text-align:left;border-color:#000000;min-width:490px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of derivative assets — current, designated </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 48</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 151</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of derivative assets — current, non-designated </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,226</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,716</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of derivative assets — long term, non-designated </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 131</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of derivative liabilities — current, designated </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (246)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (702)</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of derivative liabilities — current, non-designated </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,597)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,885)</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Fair value of derivative liabilities — long term, non-designated </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (110)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 510px; text-align:left;border-color:#000000;min-width:510px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net fair value of derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,548)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,720)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Set forth below is the summarized notional volumes and fair value of all instruments held for price risk management purposes</font><font style="font-family:Times New Roman;font-size:10pt;"> and related physical offsets as of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> (all gas volumes are expressed in MMBtu's and liquids volumes are expressed in gallons). The remaining term of the contracts extend no later than </font><font style="font-family:Times New Roman;font-size:10pt;">December 2013</font><font style="font-family:Times New Roman;font-size:10pt;"> for derivatives</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Changes in the fair value of the Partnership's mark to market derivatives are recorded in earnings in the period the transaction is entered into. The effective portion of changes in the fair value of cash flow hedges is recorded in accumulated other comprehensive income until the related anticipated future cash flow is recognized in earnings. The ineffective portion is recorded in earnings immediately.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="4" style="width: 175px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:175px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 31, 2012</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Transaction Type</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Volume</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td></tr><tr style="height: 16px"><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="4" style="width: 175px; text-align:center;border-color:#000000;min-width:175px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(In thousands)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Cash Flow Hedges:*</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Liquids swaps (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,584)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (198)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total swaps designated as cash flow hedges </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (198)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 525px; text-align:left;border-color:#000000;min-width:525px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Mark to Market Derivatives:*</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Swing swaps (long contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 195</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Physical offsets to swing swap transactions (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (195)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Swing swaps (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (450)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (10)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Physical offsets to swing swap transactions (long contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 450</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basis swaps (long contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,830</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (10)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Physical offsets to basis swap transactions (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,830)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,509</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basis swaps (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,830)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Physical offsets to basis swap transactions (long contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,830</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (6,267)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Processing margin hedges — liquids (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (13,569)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 357</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Processing margin hedges — gas (long contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,600</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,331)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Processing margin hedges — gas (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (187)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 287</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Liquids swaps — (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,393)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (57)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Storage swap transactions — gas (short contracts) </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (290)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 155</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 505px; text-align:left;border-color:#000000;min-width:505px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total mark to market derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,350)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;">       </font><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">*       All are gas contracts, volume in MMBtu's, except for </font><font style="font-family:Times New Roman;font-size:10pt;">liquids swaps</font><font style="font-family:Times New Roman;font-size:10pt;"> (designated or non-designated)</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">processing margin hedges </font><font style="font-family:Times New Roman;font-size:10pt;">- l</font><font style="font-family:Times New Roman;font-size:10pt;">iquids (volume in gallons).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">On all transactions where the Partnership is exposed to counterparty risk, the Partnership analyzes the counterparty's financial condition prior to entering into an agreement, establishes limits and monitors the appropriateness of these limits on an ongoing basis. The Partnership primarily deals with two types of counterparties, financial institutions and other energy companies, when entering into financial derivatives on commodities. The Partnership has entered into Master International Swaps and Derivatives Association Agreements that allow for netting of swap contract receivables and payables in the event of default by either party. If the Partnership's counterparties failed to perform under existing swap contracts, the Partnership's maximum loss as of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> of </font><font style="font-family:Times New Roman;font-size:10pt;">$5.9 million</font><font style="font-family:Times New Roman;font-size:10pt;"> would be reduced to </font><font style="font-family:Times New Roman;font-size:10pt;">$4.7 million</font><font style="font-family:Times New Roman;font-size:10pt;"> due to the netting feature</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Impact of Cash Flow Hedges</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The impact of realized gains or losses from derivatives designated as cash flow hedge contracts in the</font><font style="font-family:Times New Roman;font-size:10pt;"> condensed</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated statements of operations is summarized below (in thousands):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Decrease in Midstream Revenue</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Liquids realized loss included in Midstream revenue</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (12)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (660)</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:14.4px;">Natural Gas</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">, the Partnership has no balances in accumulated other comprehensive income related to natural gas.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:14.4px;">Liquids</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">, an unrealized derivative fair value net </font><font style="font-family:Times New Roman;font-size:10pt;">loss of $0.2 million</font><font style="font-family:Times New Roman;font-size:10pt;"> related to cash flow hedges of liquids price risk was recorded in accumulated other comprehensive</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">loss, a</font><font style="font-family:Times New Roman;font-size:10pt;">ll of which </font><font style="font-family:Times New Roman;font-size:10pt;">is expected to be reclassified into earnings through </font><font style="font-family:Times New Roman;font-size:10pt;">March 2013</font><font style="font-family:Times New Roman;font-size:10pt;">. The actual reclassification to earnings will be based on mark to market prices at the contract settlement date, along with the realization of the gain or loss on the relat</font><font style="font-family:Times New Roman;font-size:10pt;">ed physical volume, which</font><font style="font-family:Times New Roman;font-size:10pt;"> is not reflected</font><font style="font-family:Times New Roman;font-size:10pt;"> in the above table</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Derivatives Other Than Cash Flow Hedges</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Assets and liabilities related to third party derivative contracts, swing swaps, basis swaps, storage swaps</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> processing margin swaps</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">liquids swaps</font><font style="font-family:Times New Roman;font-size:10pt;"> are included in the fair value of derivative assets and liabilities and the profit and loss on the mark to market value of these contracts are recorded net as (gain) loss on derivatives in the</font><font style="font-family:Times New Roman;font-size:10pt;"> condensed</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated statement of operations. The Partnership estimates the fair value of all of its energy trading contracts using actively quoted prices. The estimated fair value of energy trading contracts by maturity date was as follows (in thousands):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 183px; text-align:left;border-color:#000000;min-width:183px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="11" style="width: 517px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:517px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Maturity Periods</font></td></tr><tr style="height: 16px"><td style="width: 183px; text-align:left;border-color:#000000;min-width:183px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:119px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Less than one year</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:119px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">One to two years</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:119px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">More than two years</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:100px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total fair value</font></td></tr><tr style="height: 16px"><td style="width: 183px; text-align:left;border-color:#000000;min-width:183px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">March 31, 2012.</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 104px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,371)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 104px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 21</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 104px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,350)</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">8</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">)</font><font style="font-family:Times New Roman;font-size:3pt;font-weight:bold;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Fair Value Measurements</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">FASB ASC 820 sets forth a framework for measuring fair value and required disclosures about fair value measurements of assets and liabilities. Fair value under FASB ASC 820 is defined as the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, use of unobservable prices or inputs are used to estimate the current fair value, often using an internal valuation model. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the item being valued.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">FASB ASC 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership's derivative contracts primarily consist of commodity swap contracts which are not traded on a public exchange. The fair values of commodity swap contracts are determined using discounted cash flow techniques. The techniques incorporate Level 1 and Level 2 inputs for future commodity prices that are readily available in public markets or can be derived from information available in publicly quoted markets. These market inputs are utilized in the discounted cash flow calculation considering the instrument's term, notional amount, discount rate and credit risk and are classified as Level 2 in hierarchy.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Net assets (liabilities) measured at fair value on a recurring basis are summarized below (in thousands):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 446px; text-align:left;border-color:#000000;min-width:446px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 101px; text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31, 2012</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 107px; text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2011</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 446px; text-align:left;border-color:#000000;min-width:446px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 101px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Level 2</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 107px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:107px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Level 2</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Commodity Swaps* </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,548)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,720)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 461px; text-align:left;border-color:#000000;min-width:461px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:92px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,548)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:92px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,720)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 446px; text-align:left;border-color:#000000;min-width:446px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 92px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 92px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">*</font></td><td colspan="7" style="width: 689px; text-align:left;border-color:#000000;min-width:689px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Unrealized gains or losses on commodity derivatives qualifying for hedge accounting are recorded in accumulated other</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="7" style="width: 689px; text-align:left;border-color:#000000;min-width:689px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">comprehensive income at each measurement date. The fair value of derivative contracts included in assets or liabilities for risk</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 16px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="7" style="width: 689px; text-align:left;border-color:#000000;min-width:689px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">management activities represents the amount at which the instruments could be exchanged in a current arms-length transaction </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="7" style="width: 689px; text-align:left;border-color:#000000;min-width:689px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">transaction adjusted for credit risk of the Partnership and/or the counterparty as required under FASB ASC 820.</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Fair Value of Financial Instruments</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The estimated fair value of the </font><font style="font-family:Times New Roman;font-size:10pt;">Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> financial instruments has been determined by the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> using available market information and valuation methodologies. Considerable judgment is required to develop the estimates of fair value; thus, the estimates provided below are not necessarily indicative of the amount the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> could realize upon the sale or refinancing of such finan</font><font style="font-family:Times New Roman;font-size:10pt;">cial instruments (in thousands):</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 260px; text-align:center;border-color:#000000;min-width:260px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 190px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31, 2012</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 190px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:190px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Long-term debt </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 852,883</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 910,219</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 798,409</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 882,500</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Obligations under capital lease </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 27,604</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 29,776</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 28,367</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 27,637</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The carrying amounts of the </font><font style="font-family:Times New Roman;font-size:10pt;">Company's</font><font style="font-family:Times New Roman;font-size:10pt;"> cash and cash equivalents, accounts receivable, and accounts payable approximate fair value due to the short-term maturities of these assets and liabilities.</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership had </font><font style="font-family:Times New Roman;font-size:10pt;">$139.0 million</font><font style="font-family:Times New Roman;font-size:10pt;"> in borrowings under its revolving credit facility included in long-term debt as of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and $85.0 million</font><font style="font-family:Times New Roman;font-size:10pt;"> at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">. As borrowings under the credit facility accrue interest under floating interest rate structures, the </font><font style="font-family:Times New Roman;font-size:10pt;">carrying value of such indebtedness approximates fair value for the amounts outstanding under the credit facility. As of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">, the Partnership also had borrowings totaling $</font><font style="font-family:Times New Roman;font-size:10pt;">713.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million and </font><font style="font-family:Times New Roman;font-size:10pt;">$713.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">, net of discount</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively, under senior unsecured n</font><font style="font-family:Times New Roman;font-size:10pt;">otes with a fixed rate of 8.875%</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The fair value of the senior unsecured notes as of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;"> was</font><font style="font-family:Times New Roman;font-size:10pt;"> based on</font><font style="font-family:Times New Roman;font-size:10pt;"> Level I inputs from </font><font style="font-family:Times New Roman;font-size:10pt;">third-</font><font style="font-family:Times New Roman;font-size:10pt;">party ma</font><font style="font-family:Times New Roman;font-size:10pt;">rket quotations</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The fair value of obligations u</font><font style="font-family:Times New Roman;font-size:10pt;">nder capital leases was calculated using </font><font style="font-family:Times New Roman;font-size:10pt;">Level II inputs from third-party banks</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:3px;">(9)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Income Tax</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Company has recorded a deferred tax asset in the amount of </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">20.5 </font><font style="font-family:Times New Roman;font-size:10pt;">million</font><font style="font-family:Times New Roman;font-size:10pt;"> relating to the difference between its book and tax basis of its investment in the Partnership as of </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2011</font><font style="font-family:Times New Roman;font-size:10pt;">. Because the Company can only realize this deferred tax asset upon the liquidation of the Partnership and to the extent of capital gains, the Company has provided a full valuation allowance a</font><font style="font-family:Times New Roman;font-size:10pt;">gainst this deferred tax asset. </font><font style="font-family:Times New Roman;font-size:10pt;">The income tax provision for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> reflects a tax benefit of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">0.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million for</font><font style="font-family:Times New Roman;font-size:10pt;"> the</font><font style="font-family:Times New Roman;font-size:10pt;"> current period</font><font style="font-family:Times New Roman;font-size:10pt;"> loss</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Unrecognized tax benefits increased </font><font style="font-family:Times New Roman;font-size:10pt;">$0.</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> during the </font><font style="font-family:Times New Roman;font-size:10pt;">three</font><font style="font-family:Times New Roman;font-size:10pt;"> months ende</font><font style="font-family:Times New Roman;font-size:10pt;">d </font><font style="font-family:Times New Roman;font-size:10pt;">March</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">31, 20</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">, and the increase, if recognized, would affect the effective tax rate.</font></p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:3px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">10</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Commitments and Contingencies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(a) Employment</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and Severance</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> Agreements</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Certain members of management of the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> are parties to employment</font><font style="font-family:Times New Roman;font-size:10pt;"> and/or severance agreements</font><font style="font-family:Times New Roman;font-size:10pt;"> with the general partner</font><font style="font-family:Times New Roman;font-size:10pt;"> of the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;">. The employment</font><font style="font-family:Times New Roman;font-size:10pt;"> and severance</font><font style="font-family:Times New Roman;font-size:10pt;"> agreements provide th</font><font style="font-family:Times New Roman;font-size:10pt;">ose </font><font style="font-family:Times New Roman;font-size:10pt;">managers with severance paymen</font><font style="font-family:Times New Roman;font-size:10pt;">ts in certain circumstances and, in the case of employment agreements, </font><font style="font-family:Times New Roman;font-size:10pt;">prohibit each such person from competing with the general partner</font><font style="font-family:Times New Roman;font-size:10pt;"> of the Partnership</font><font style="font-family:Times New Roman;font-size:10pt;"> or its affiliates for a certain period of time following the termination of such person's employment.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(b) Environmental Issues</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership acquired LIG Pipeline Company and its subsidiaries on April 1, 2004. Contamination from historical operations was identified during due diligence at a number of sites owned by the acquired companies. The seller, AEP, has indemnified the Partnership for these identified sites. Moreover, AEP has entered into an agreement with a third</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">party company pursuant to which the remediation costs associated with these sites have been assumed by this third party company that specializes in remediation work. The Partnership does not expect to incur any material liability with these sites; however, there can be no assurance that the third parties who have assumed responsibility for remediation of site conditions will fulfill their obligations. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:14.4px;">(c) Other</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;"> is involved in various litigation and administrative proceedings arising in the normal course of business. In the opinion of management, any liabilities that may result from these claims would not individually or in the aggregate have a material adverse effect on its financial position or results of operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">On June 7, 2010, Formosa Plastics Corporation, Texas, Formosa Plastics Corporation, America, Formosa Utility Venture, Ltd., and Nan Ya Plastics Corporation, America filed a lawsuit against Crosstex Energy, Inc., Crosstex Energy, L.P., Crosstex Energy GP, L.P., Crosstex Energy GP, LLC, Crosstex Energy Services, L.P., and Crosstex Gulf Coast Marketing, Ltd. in the 24</font><font style="font-family:Times New Roman;font-size:6.5pt;">th</font><font style="font-family:Times New Roman;font-size:10pt;"> Judicial District Court of Calhoun County, Texas, asserting claims for negligence, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">res ipsa loquitor</font><font style="font-family:Times New Roman;font-size:10pt;">, products liability and strict liability relating to the alleged receipt by the plaintiffs of natural gas liquids into their facilities from facilities operated </font><font style="font-family:Times New Roman;font-size:10pt;">by the Partnership. The amended petition</font><font style="font-family:Times New Roman;font-size:10pt;"> alleges that the plai</font><font style="font-family:Times New Roman;font-size:10pt;">ntiffs have incurred at least $3</font><font style="font-family:Times New Roman;font-size:10pt;">5.0 million in damages, including damage to equipment and lost profits.  The Partnership has submitted the claim to its insurance carriers and intends to vigorously defend the lawsuit.  The Partnership believes that any recovery would be within applicable policy limits. Although it is not possible to predict the ultimate outcome of this matter, the Partnership does not expect that an award in this matter will have a material adverse impact on its consolidated results of operations or financial condition.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">At times, the Partnership's gas-utility subsidiaries acquire pipeline easements and other property rights by exercising rights of eminent domain provided under state law. As a result, the Partnership (or its subsidiaries) is a party to a number of lawsuits under which a court will determine the value of pipeline easements or other property interests obtained by the Partnership's gas utility subsidiaries by condemnation. Damage awards in these suits should reflect the value of the property interest acquired and the diminution in the value of the remaining property owned by the landowner. However, some landowners have alleged unique damage theories to inflate their damage claims or assert valuation methodologies that could result in damage awards in excess of the amounts anticipated. Although it is not possible to predict the ultimate outcomes of these matters, the Partnership does not expect that awards in these matters will have a material adverse impact on its consolidated results of operations or financial condition.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership (or its subsidiaries) is defending a number of lawsuits filed by owners of property located near processing facilities or compression facilities constructed by the Partnership as part of its systems. The suits generally allege that the facilities create a private nuisance and have damaged the value of surrounding property. Claims of this nature have arisen as a result of the industrial development of natural gas gathering, processing and treating facilities in urban and occupied rural areas. In January 2012, a plaintiff in one of these lawsuits was awarded a judgment of $2.0 million. The Partnership intends to appeal the matter and will post a bond to secure the judgment pending its resolution. The Partnership has accrued $2.0 million relat</font><font style="font-family:Times New Roman;font-size:10pt;">ed to this matter as of March 31, 2012</font><font style="font-family:Times New Roman;font-size:10pt;"> and reflected the related expense in operating expenses in the fourth quarter of 2011. Although it is not possible to predict the ultimate outcomes of these matters, the Partnership does not expect that awards in these matters will have a material adverse impact on its consolidated results of operations or financial condition.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">(11)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Segment Information</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Identification of operating segments is based principally upon regions served. The Partnership's reportable segments consist of the natural gas gathering, processing and transmission operations located in north Texas</font><font style="font-family:Times New Roman;font-size:10pt;"> and in the Permian Basin in west Texas</font><font style="font-family:Times New Roman;font-size:10pt;"> (NTX), the pipelines and processing plants located in Louisiana (LIG) and the south Louisiana processing and NGL assets</font><font style="font-family:Times New Roman;font-size:10pt;"> (PNGL). </font><font style="font-family:Times New Roman;font-size:10pt;">Operating activity for assets sold in the comparative periods that was not considered discontinued operations</font><font style="font-family:Times New Roman;font-size:10pt;"> as well as intersegment</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">eliminations </font><font style="font-family:Times New Roman;font-size:10pt;">is shown in the corporate segment.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Partnership's sales are derived from external domestic customers.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">The Partnership evaluates the performance of its operating segments based on operating revenues and segment profits. Corporate expenses include general partnership expenses associated with managing all reportable operating segments</font><font style="font-family:Times New Roman;font-size:10pt;"> and the Company's general and administrative expenses</font><font style="font-family:Times New Roman;font-size:10pt;">, including the Partnership's general and administrative expenses</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">Corporate assets consist</font><font style="font-family:Times New Roman;font-size:10pt;"> primarily</font><font style="font-family:Times New Roman;font-size:10pt;"> of property and equipment, including software, for general corporate support, working capita</font><font style="font-family:Times New Roman;font-size:10pt;">l, debt financing costs, and the</font><font style="font-family:Times New Roman;font-size:10pt;"> inve</font><font style="font-family:Times New Roman;font-size:10pt;">stment in HEP</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">Summarized financial information concerning the Partnership's reportable segments</font><font style="font-family:Times New Roman;font-size:10pt;"> as consolidated into the Company's condensed financial statements</font><font style="font-family:Times New Roman;font-size:10pt;"> is shown in the following table.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">LIG</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">NTX</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">PNGL</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Corporate</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Totals</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="14" style="width: 491px; text-align:center;border-color:#000000;min-width:491px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(In thousands)</font></td></tr><tr style="height: 16px"><td colspan="3" style="width: 220px; text-align:left;border-color:#000000;min-width:220px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Three Months Ended March 31, 2012:</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Sales to external customers </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 146,697</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 64,681</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 160,331</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 371,709</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Sales to affiliates </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 72,810</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 31,484</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 45,545</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (149,839)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Purchased gas and NGLs</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (189,220)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (50,021)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (182,554)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 149,839</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (271,956)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Operating expenses </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (7,936)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (13,151)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (6,719)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (27,806)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Segment profit </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 22,351</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 32,993</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 16,603</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 71,947</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gain (loss) on derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 102</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,263)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (8)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,169)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Depreciation, amortization</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> and impairments </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,172)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (20,433)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (7,959)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (632)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (32,196)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Capital expenditures </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13,156</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 15,662</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 454</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 29,280</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Identifiable assets </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 287,879</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,092,530</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 463,250</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 86,890</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,930,549</font></td></tr><tr style="height: 16px"><td colspan="3" style="width: 220px; text-align:left;border-color:#000000;min-width:220px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Three Months Ended March 31, 2011:</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Sales to external customers </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 204,918</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 80,966</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 203,886</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 489,770</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Sales to affiliates </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 22,322</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 21,585</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 485</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (44,392)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Purchased gas and NGLs</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (195,503)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (63,159)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (185,663)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 44,392</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (399,933)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Operating expenses </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (8,067)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (11,352)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (5,625)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (25,044)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Segment profit </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 23,670</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 28,040</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 13,083</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 64,793</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Loss on derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,685)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (716)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (20)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> - </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,421)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Depreciation, amortization and</font></td><td rowspan="2" style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">impairments </font></td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,161)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (17,720)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (7,713)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,078)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (29,672)</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Capital expenditures </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,550</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 18,203</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,083</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 487</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 24,323</font></td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 200px; text-align:left;border-color:#000000;min-width:200px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Identifiable assets </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 324,924</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,110,852</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 489,147</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 39,670</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,964,593</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="8" style="width: 700px; text-align:left;border-color:#000000;min-width:700px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table reconciles the segment profits reported above to the operating income as reported in the condensed </font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">consolidated statements of operations (in thousands):</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 460px; text-align:left;border-color:#000000;min-width:460px;"> </td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Segment profits </font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 71,947</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 64,793</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">General and administrative expenses </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (15,606)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (12,481)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Loss on derivatives </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,169)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (3,421)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Gain on sale of property </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 98</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Depreciation, amortization and impairments </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (32,196)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (29,672)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr><tr style="height: 16px"><td colspan="2" style="width: 480px; text-align:center;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Operating income </font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 22,074</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19,238</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">(12</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">)</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Subsequent Event</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Investment in HEP. </font><font style="font-family:Times New Roman;font-size:10pt;">On April 4, 2012, the Partnership made a $47.4 million payment to HEP related to HEP's acquisition of substantially all of Meritage Midstream Services' natural gas gathering assets in south Texas which was funded by the Partnership's credit facility. After this capital contribution, the Partnership has contributed an aggregate of $87.3 million and has an individual ownership interest in HEP of approximately 30.6 percent.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;"> Clearfield Acquisition</font><font style="font-family:Times New Roman;font-size:10pt;">. On May 8, 2012, the Partnership announced its agreement to acquire privately held Clearfield Energy, Inc. (“Clearfield”) for approximately $210 million in cash</font><font style="font-family:Times New Roman;font-size:10pt;"> at closing subjec</font><font style="font-family:Times New Roman;font-size:10pt;">t</font><font style="font-family:Times New Roman;font-size:10pt;"> to certain adjustments</font><font style="font-family:Times New Roman;font-size:10pt;"> (the “Clearfield Acquisition”). </font><font style="font-family:Times New Roman;font-size:10pt;">Clearfield is a well-established crude oil, condensate and water services company with operations in Ohio, Kentucky and West Virginia. Clearfield's business includes crude oil pipelines, a barge loading terminal on the Ohio River, a rail loading terminal on the Ohio Central Railroad network, a trucking fleet, and brine water disposal wells. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> The Partnership plans to fund the Clearfield Acquisition with a combination of debt and equity. The closing of the Clearfield Acquisition, which is expected in July 2012, is subject to the satisfaction of customary closing conditions, including applicable regulatory approvals, if any.</font></p><p style='margin-top:0pt; margin-bottom:11.25pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Riverside Fractionation Facility Expansion</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">On May 7, 2012, the Partnership announced its plans to increase its capacity to transload crude oil from rail cars to both barges and pipeline at its Riverside fractionation facility in southern Louisiana from approximately 4,500 barrels of crude o</font><font style="font-family:Times New Roman;font-size:10pt;">il per day to approximately 15,0</font><font style="font-family:Times New Roman;font-size:10pt;">00 barrels of crude per day. The Phase I modification of the Riverside facility, which allowed crude as well as NGLs to be transloaded from rail to barge, was operational in January 2012. The Phase II development at the Riverside facility will include new storage tank facilities, upgraded pipeline connections and improved barge delivery capabilities on the Mississippi River. Construction of the Phase II expansion project at the Riverside facility will begin in late June 2012 and is expected be operational in the first quarter of 2013. The Riverside facility expansion project is expected to cost approximately $16 million. The Partnership has entered into a long-term agreement with, which supports the expansion.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p>