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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;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;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;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&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; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; We treat and process natural gas as needed to remove contaminants and to extract mixed NGLs, and we deliver the resulting residue gas to third-party pipelines, local distribution companies, power generation facilities and industrial consumers.  We sell extracted NGLs as a mixture or as fractionated purity products and deliver them through our plant interconnects or NGL pipelines.  We process natural gas from our own gathering systems and from third-party pipelines, and in some cases we deliver natural gas and mixed NGLs to third parties who provide us with transportation, processing or fractionation services.  &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;We refer to our operations (i)&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;conducted through our subsidiaries operating in &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; 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; collectively as our &amp;#8220;&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;&amp;#8221; segment&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;, (ii)&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;conducted through our subsidiaries operating 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; collectively as our &amp;#8220;&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;&amp;#8221; segment&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; and (iii)&amp;#160;conducted through our subsidiaries operating in &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; collectively as our &amp;#8220;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Rocky Mountains&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&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;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;O&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;ur management believes that the &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;disclosures&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; in these unaudited &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;consolidated &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;financial statements&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;are&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; 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&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;K 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, 2010&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.&lt;/font&gt;&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><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat><hasSegments>false</hasSegments><hasScenarios>false</hasScenarios></Cell></Cells><OriginalInstanceReportColumns /><Unit>Other</Unit><ElementDataType>us-types:textBlockItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. 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