Copano Energy, L.L.C. Summary of Commodity Hedge Portfolio June 30, 2007 (All Hedges Are Settled Monthly) Purchased CenterPoint East Natural Gas Puts Purchased HSC Index Natural Gas Call Spreads

by Copano Energy Alumni
July 5th, 2007
 

Exhibit 99.1
Copano Energy, L.L.C.
Summary of Commodity Hedge Portfolio
June 30, 2007 (all hedges are settled monthly)
Purchased CenterPoint East Natural Gas Puts
         
    Put Strike   Put Volumes
    (Per MMBtu)   (MMBtu/d)
2007
  $8.75   9,750
2008
  $7.75   5,000
2009
  $6.95   5,000
Purchased HSC Index Natural Gas Call Spreads
                 
    Call Strike   Call Volumes
    (Per MMBtu)   (MMBtu/d)
    Bought   Sold        
2007
  $8.00   $10.00     11,400  
2008
  $8.15   $10.00     9,400  
2009
  $7.75   $10.00     8,000  
2010
  $7.35   $10.00     7,100  
2011
  $6.95   $10.00     7,100  
Purchased Purity Ethane Puts and Entered into Swaps
                 
    Put   Swap
    Strike   Volumes   Price   Volumes
    (per gallon)   (Bbls/d)   (per gallon)   (Bbls/d)
2007
  $0.6365   599   $0.6525   599
2007
  $0.6960   2,000   $0.7300   2,000
2008
  $0.5700   607   $0.5650   607
2008
  $0.6250   2,900   $0.6525   1,300
2009
  $0.5900   2,200   $0.6025   1,100
2010
  $0.5550   1,600   $0.5700   500
2011
  $0.5300   1,700   $0.5450   500
Purchased TET Propane Puts and Entered into Swaps
                 
    Put   Swap
    Strike   Volumes   Price   Volumes
    (per gallon)   (Bbls/d)   (per gallon)   (Bbls/d)
2007
  $0.8930   2,575   $0.9375   726
2007
  $0.9000   1,100    
2007
  $1.0950   500    
2008
  $0.8360   2,594   $0.8700   745
2008
  $0.8975   1,100    
2008
  $1.0500   1,000    
2009
  $0.8725   2,200    
2009
  $0.9650   1,000   $1.0275   1,000
2010
  $0.8500   1,100    
2010
  $0.9460   700   $0.9925   700
2011
  $0.8265   1,100    
2011
  $0.9340   700   $0.9750   700

 


 

Purchased Non-TET Isobutane Puts and Entered into Swaps
                 
    Put   Swap
    Strike   Volumes   Price   Volumes
    (per gallon)   (Bbls/d)   (per gallon)   (Bbls/d)
2007
  $1.0675   620   $1.1250   90
2007
  $1.0750   200    
2008
  $0.9900   622   $1.0450   92
2008
  $1.0900   250    
2009
  $1.0600   450    
2009
  $1.1600   100   $1.2425   100
2010
  $1.0350   300    
2010
  $1.1145   100   $1.2025   100
2011
  $1.0205   300    
2011
  $1.1100   100   $1.1800   100
Purchased Non-TET Normal-Butane Puts and Entered into Swaps
                 
    Put   Swap
    Strike   Volumes   Price   Volumes
    (per gallon)   (Bbls/d)   (per gallon)   (Bbls/d)
2007
  $1.0650   803   $1.1200   264
2007
  $1.0675   150    
2007
  $1.2700   400    
2008
  $0.9875   810   $1.0400   271
2008
  $1.0800   300    
2008
  $1.2150   400    
2009
  $1.0525   700    
2009
  $1.1400   400   $1.2275   400
2010
  $1.0300   300    
2010
  $1.1000   200   $1.1850   200
2011
  $1.0205   300    
2011
  $1.0850   200   $1.1700   200
Purchased Non-TET Natural Gasoline Puts and Entered into Swaps
                 
    Put   Swap
    Strike   Volumes   Price   Volumes
    (per gallon)   (Bbls/d)   (per gallon)   (Bbls/d)
2007
  $1.5650   200   $1.6600   400
2008
  $1.4850   300   $1.5850   300
2009
  $1.4400   200   $1.5400   200
2010
  $1.4080   300    
2011
  $1.4100   300    
Purchased WTI Crude Oil Puts
         
    Put Strike   Put Volumes
    (per barrel)   (Bbls/d)
2007
  $48.00   2,000
2007
  $55.00   250
2008
  $55.00   1,000
2008
  $60.00   700
2009
  $55.00   1,000
2009
  $60.00   500
2010
  $55.00   1,000
2010
  $60.00   400
2011
  $55.00   1,000
2011
  $60.00   400