Encore Energy Partners LP was formed by Encore Acquisition Company to acquire, exploit and develop oil and natural gas properties and to acquire, own and operate related assets. The Company?s assets consist of producing and non-producing oil and natural gas properties in the Elk Basin of Wyoming and Montana, and the Permian Basin of West Texas. As of December 31, 2007, its total estimated proved reserves were 14.4 million barrels of oil and 39.1 billion cubic feet of natural gas. During the year ended December 31, 2007, the Company drilled 8 gross (5.8 net) operated productive wells and participated in drilling 12 gross (0.6 net) non-operated productive wells for a total of 20 gross (6.5 net) productive wells. In 2007, the Company participated in drilling one gross (0.5 net) non-operated, non-productive well. On February 7, 2008, the Company acquired certain oil and natural gas producing properties and related assets in the Permian and Williston Basins from Encore Operating, L.P.(Source: 10-K)