Our goal is to provide stability and growth in distributions to our unitholders through continued successful drilling, acquisitions, increasing production of existing wells and implementing operational and administrative efficiencies. The following is a summary of the key elements of our business strategy:

• acquire properties to increase cash available for distribution;
• build a platform of regional scale to maximize value and operating cash flows;
• grow through low risk, low cost development drilling and other operational enhancements;
• create post-acquisition value; and
• mitigate commodity price risk through hedging.

Certain key elements included in our business strategy are further explained below.

Acquire Properties and Build a Platform of Regional Scale
Our acquisition program targets oil and gas properties that offer high-quality, long-lived production with predictable decline curves, as well as development drilling opportunities. We focus both on acquiring new core areas, where the assets meet our strategic profile, and increasing our ownership in existing fields or core areas. Acquisitions will continue to play a key role in our future growth strategy.

Grow Through Development Activities
We seek to be the operator of our properties to design and develop capital maintenance and development drilling programs that not only replace our production, but add value through the growth of reserves and future operational synergies. We have contracts in place for third party drilling services that, together with our own rigs, provide the resources required to complete our drilling and development program for 2007 and beyond. Most of our wells (excluding those in Oklahoma, which range from 8,000 to 12,000 feet) are relatively shallow, ranging from 3,000 to 6,000 feet. Many of our wells drill through and are completed in multiple producing zones with commingled production. New producing wells generally have a total projected economic life in excess of 50 years. Our recent acquisitions provide an ample inventory of lower-risk development opportunities, which we believe will create significant post-acquisition value from our assets.

Hedging Program
We typically seek to hedge a significant portion of our anticipated future production volumes to reduce commodity price volatility risk. Managing this volatility, which we believe is likely to continue in the years ahead, provides a longer-term stability of cash flows.