Encore Energy Partners Prices IPO

Encore Energy Partners reports that the pricing of the initial public offering of 9,000,000 of its common units at $21.00 per unit. Encore Energy Partners has also granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,350,000 common units. The common units will begin trading on Wednesday, September 12, on the New York Stock Exchange under the symbol "ENP." The offering is expected to close on or about September 17, 2007.

The common units offered to the public will represent an aggregate 37.4 percent limited partner interest in Encore Energy Partners, or approximately 40.7 percent if the underwriters exercise in full their over-allotment option. Encore Acquisition Company and management of Encore Energy Partners will own the remaining equity interests in Encore Energy Partners.

UBS Investment Bank and Lehman Brothers are acting as joint book-running managers for the offering. A.G. Edwards, Credit Suisse, Raymond James and RBC Capital Markets are acting as co-managers for the offering.