Provident Energy Trust (the Trust) is an open-end investment trust created to hold, directly and indirectly, all types of petroleum and natural gas and energy related assets, including without limitation facilities of any kind, oil sands interests, electricity or power generating assets and pipeline, gathering, processing and transportation assets. The Trust operates through its subsidiary, Provident Energy Ltd. (Provident). Provident?s business activities are conducted through two business segments: Canadian oil and natural gas production (COGP) and midstream services and marketing (Midstream). Provident?s COGP business produces crude oil and natural gas from seven core areas in the western Canadian sedimentary basin. The Midstream business unit operates in Canada and the United States. In August 2008, the Company announced the sale of BreitBurn Energy Company L.P., which resulted in the completion of the sale process of its United States oil and natural gas production (USOGP).
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