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          <NonNumbericText>&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;"&gt;Note&amp;#160;1&amp;#160;&amp;#8212; Organization and Basis of Presentation&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:15px;"&gt;Organization&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;"&gt;Copano Energy, L.L.C., a &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Delaware&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; limited liability company, was formed in August&amp;#160;2001 to acquire entities owning businesses operating under the Copano name since 1992.  We, through our subsidiaries, provide midstream services to natural gas producers, including natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning and fractionation services.  Our assets are located in &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Oklahoma&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Texas&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Wyoming&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Louisiana&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.  &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"&gt;Unless the context requires otherwise, references to &amp;#8220;Copano,&amp;#8221; &amp;#8220;we,&amp;#8221; &amp;#8220;our,&amp;#8221; &amp;#8220;us&amp;#8221; or like terms refer to Copano Energy, L.L.C., its subsidiaries and entities it manages or operates&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;"&gt;Our natural gas pipelines collect natural gas from wellheads or designated points near producing wells and deliver these volumes to our processing plants, third-party processing plants, third-party pipelines, local distribution companies, power generation facilities and industrial consumers.  Our processing plants take delivery of natural gas from our gathering systems as well as third-party pipelines.  The natural gas is then treated as needed to remove contaminants and then conditione&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;d or processed to extract mixed natural gas liquids (&amp;#8220;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;NGL&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.  After treating and processing or conditioning, we deliver the residue gas primarily to third-party pipelines through plant interconnects and sell the NGLs, in some cases after separating the NGLs into select component products, to third parties through our plant interconnects or our NGL pipelines.  &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;We refer to our operations (i)&amp;#160;conducted through our subsidiaries operating in Oklahoma, including our crude oil pipeline which &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;w&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;e&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; sold in October&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2009, collectively as our &amp;#8220;Oklahoma&amp;#8221; segment, (ii)&amp;#160;conducted through our subsidiaries operating in Texas and Louisiana collectively as our &amp;#8220;Texas&amp;#8221; segment and (iii)&amp;#160;conducted through our subsidiaries operating in Wyoming collectively as our &amp;#8220;Rocky Mountains&amp;#8221; segment.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:15px;"&gt;Basis of Presentation and Principles of Consolidation&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;"&gt;The accompanying unaudited consolidated financial statements and related notes include our assets, liabilities and results of operations for each of the periods presented.  All intercompany accounts and transactions are eliminated in our unaudited consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;"&gt;Because we sold our crude oil pipeline operations in October&amp;#160;2009, the results related to these &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;operations have been classified as &amp;#8220;discontinued operations&amp;#8221; on the accompanying unaudited consolidated statements of operations for the three&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;nine&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;months ended &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;September&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;3&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;0&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;, 2009.  Unless otherwise indicated, information about the statements of operations that is presented in the notes to unaudited consolidated financial statements relates only to our continuing operations.&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;  &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;See Note&amp;#160;13 for additional details.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;"&gt;The accompanying unaudited consolidated financial statements have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (&amp;#8220;SEC&amp;#8221;).  Accordingly, our financial statements reflect all normal and recurring adjustments that are, in the opinion of our management, necessary for a fair presentation of our results of operations for the interim periods.  Certain information and notes normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:35px;"&gt;However, our management believes that the disclosures are adequate to make the information presented not misleading.  In the preparation of these financial statements, we &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;evaluated subsequent events through the issuance date of the financial statements.  &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;These interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in our Annual Report on Form&amp;#160;10-K&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; a&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;s a&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;mend&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;ed,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; for the year ended &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;December&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;31, 2009&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;</NonNumbericText>
          <NonNumericTextHeader>Note&amp;#160;1&amp;#160;&amp;#8212; Organization and Basis of Presentation&amp;#160;Organization&amp;#160;Copano Energy, L.L.C., a Delaware limited liability company, was formed</NonNumericTextHeader>
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