Copano Energy, L.L.C. (Nasdaq: CPNO) today announced that James E. Wade
has been appointed Senior Vice President of Copano and President and
Chief Operating Officer of the Company's Texas operating segment
subsidiaries, effective April 5, 2010. In this role, Mr. Wade will
report to R. Bruce Northcutt, Copano's President and Chief Executive
Officer, and will assume Mr. Northcutt's responsibilities for the
day-to-day operating activities and business initiatives in Texas.
"Jim is an outstanding addition to our company," said Mr. Northcutt. "He
brings to Copano a deep background in midstream management, including
significant experience in business development and natural gas and
natural gas liquids marketing. His qualifications and experience make
him well-suited to lead our growth initiatives in Texas, where drilling
and development activity is increasing and Copano is making strategic
investments to create additional value for its unitholders. We are
pleased to welcome Jim to the Copano team."
Mr. Wade joins Copano with over 25 years of commercial business
development, gas supply and marketing experience in the energy industry.
Most recently, Mr. Wade served as Vice President, Gas Supply, Marketing
and Business Development for Southern Union Gas Services, a subsidiary
of Southern Union Company (NYSE: SUG). In this role, he was responsible
for managing the business development group for the midstream business
unit as well as managing the gas supply and natural gas and natural gas
liquids marketing departments. Previously, until it was acquired by
Southern Union Gas Services in 2006, he served as Vice President of Sid
Richardson Energy Services. Mr. Wade joined Sid Richardson in 1998 and
played an integral role in developing and executing a strategic plan
that enabled it to grow from $150 million to $1.6 billion in midstream
assets. From 1994 to 1998, Mr. Wade served as Vice President of Aquila
Gas Pipeline Corporation. He began his career at Tenneco, where he held
various roles. Mr. Wade received a Bachelors Degree in Business
Administration from the University of Texas and serves as Chairman of
the Texas Pipeline Association.
Houston-based Copano Energy, L.L.C. (NASDAQ: CPNO) is a midstream
natural gas company with operations in Oklahoma, Texas, Wyoming and
Louisiana. Its assets include approximately 6,200 miles of active
natural gas gathering and transmission pipelines, 200 miles of NGL
pipelines and seven natural gas processing plants, with over one Bcf per
day of combined processing capacity. For more information please visit www.copanoenergy.com.
This press release includes "forward-looking statements," as defined
by the Securities and Exchange Commission. Forwardlooking statements
address activities or developments that Copano believes will or may
occur in the future. These statements are based on management's
experience and perception of historical trends, current conditions,
expected future developments and other factors management
believes are appropriate in the circumstances. Such statements are
subject to a number of risks and uncertainties, many of which are
beyond Copano's control, including the volatility of prices and market
demand for natural gas and natural gas liquids; Copano's ability
to continue to obtain new sources of natural gas supply; the ability of
key producers to continue to drill and successfully complete and
attach new natural gas supplies; Copano's ability to retain its key customers;
general economic conditions; the effects of government regulations and
policies; and other financial, operational and legal risks and
uncertainties detailed from time to time in Copano's filings with the
Securities and Exchange Commission.