Copano Energy Announces Closing of Amended Revolving Credit Facility

HOUSTON, Jan. 16 /PRNewswire-FirstCall/ — Copano Energy, L.L.C. announced today that it has closed an amended $200 million senior secured revolving credit facility led by Bank of America Securities LLC.

The amended facility provides more favorable financial covenants and pricing terms than those contained in the prior facility. Additionally, the maturity date of the facility has been extended from August 1, 2010 to April 15, 2012. Amounts available under the amended facility may be used for capital expenditures or other company purposes.

Houston-based Copano Energy, L.L.C. is a midstream natural gas company with natural gas gathering, intrastate pipeline and natural gas processing assets in the Texas Gulf Coast region and in Central and Eastern Oklahoma.

This press release may include “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the company based on management’s experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to future distributions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause the company’s actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include an inability to obtain new sources of natural gas supplies, the loss of key producers that supply natural gas to the company, key customers reducing the volume of natural gas and natural gas liquids they purchase from us, a decline in the price and market demand for natural gas and natural gas liquids, the incurrence of significant costs and liabilities in the future resulting from our failure to comply with new or existing environmental regulations or an accidental release of hazardous substances into the environment and other factors detailed in Copano’s Securities and Exchange Commission filings.

    Contacts:  Matt Assiff, SVP & CFO               Copano Energy, L.L.C.               713-621-9547                Jack Lascar / jlascar@drg-e.com               Anne Vincent/ avincent@drg-e.com               DRG&E / 713-529-6600  

Copano Energy, L.L.C.

CONTACT: Matt Assiff, SVP & CFO of Copano Energy, L.L.C.,+1-713-621-9547; or Jack Lascar, jlascar@drg-e.com , or Anne Vincent,avincent@drg-e.com , both of DRG&E, +1-713-529-6600, for Copano Energy,L.L.C.