Constellation Energy Partners (NYSE Arca: CEP) is a growth-oriented oil and gas limited liability company focused on the acquisition, development and production of long-lived oil and natural gas assets.

The company was formed by Constellation Energy Group, Inc. (Constellation Energy and NYSE: CEG) during 2005 and successfully completed its IPO in November 2006.

The company’s current assets include natural gas and oil reserves in the Black Warrior Basin in Alabama, the Cherokee Basin in Oklahoma and Kansas, and the Woodford Shale in the Arkoma Basin in Oklahoma.  These reserves provide long-lived production, low-risk, low-cost drilling opportunities and a high percentage of proved developed reserves.  

We focus on delivering cash flow stability, driving operational excellence, capturing additional value from inherent portfolio opportunities and continuing to grow through accretive acquisitions.

We promote cash flow stability by maintaining financial flexibility and a disciplined hedging approach.

We focus on operational excellence to offset portfolio decline rates, maintain production levels and deliver organic growth from our asset base which contains over 3,000 low-risk, low-cost drilling opportunities and ample undeveloped acreage.

We seek to create partnership opportunities to accelerate development of coalbed methane, conventional oil and gas, and shale resources within our undeveloped acreage.

We continue to pursue opportunistic acquisition driven growth to expand our presence in current locations and diversify our portfolio into new geographic locations and resources types.

Successful execution in each of these areas should allow us to deliver on our objectives of maximizing unitholder returns by maintaining cash flow stability and delivering future growth.