Copano Energy, L.L.C. (Copano) is an energy company engaged in the business of providing midstream services to natural gas producers, including gathering, transportation and processing of natural gas, fractionation and transportation of natural gas liquids (NGLs) and other related services. Copano�s assets are located in Texas, Oklahoma, Wyoming and Louisiana, and include approximately 6,800 miles of active natural gas gathering and transmission pipelines, and natural gas processing plants. Copano operates in three segments: Texas, Oklahoma and Rocky Mountains. On January 18, 2011 the Company announced that it had formed Liberty Pipeline Group, LLC (a 50/50 joint venture with a subsidiary of Energy Transfer Partners) to construct, own and operate a 12-inch NGL pipeline (the Liberty pipeline). On February 2, 2011, it acquired puts for normal butane, isobutane, propane and West Texas Intermediate crude oil.