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’s business activities are conducted through two business segments: Canadian oil and natural gas production (Provident Upstream) and Provident Midstream. Provident Upstream includes exploitation, development and production of crude oil and natural gas reserves. Provident Midstream includes processing, extraction, transportation, loading and storage of natural gas liquids, and marketing of natural gas liquids. The Trust’s oil and gas production business segment operates in Canada, and Midstream business operates in Canada and the United States.