About the Hiland Companies

The Hiland family of companies include two separate publicly traded securities on the NASDAQ stock exchange – Hiland Partners, LP (HLND) and Hiland Holdings GP, LP (HPGP) – which offer investors two distinct ways to invest in Hiland’s growth objectives.

Hiland Partners, LP (Nasdaq: HLND)
Hiland Partners, LP (HLND) is a growth oriented midstream energy partnership engaged in gathering, compressing, dehydrating, treating, processing and marketing natural gas, and fractionating or separating natural gas liquids, or NGLs. Hiland Partners also provides air compression and water injection services to Continental Resources, Inc., an exploration and production company that is controlled by affiliates of Hiland Partners’ general partner for use in its oil and gas secondary recovery operations. Hiland Partners’ operations are primarily located in the Mid-Continent and Rocky Mountain regions of the United States. In Hiland Partners’ midstream segment, Hiland Partners connects the wells of natural gas producers to its gathering systems, treats natural gas to remove impurities, processes natural gas for the removal of NGLs, fractionates NGLs into NGL products and provides an aggregate supply of natural gas and NGL products to a variety of natural gas transmission pipelines and markets.

Hiland Partners’ midstream assets consist of 13 natural gas gathering systems with approximately 1,934 miles of gas gathering pipelines, five natural gas processing plants, seven natural gas treating facilities and three NGL fractionation facilities. Hiland Partners’ compression assets consist of two air compression facilities and a water injection plant.

Hiland Holdings GP, LP (Nasdaq: HPGP)
Hiland Holdings GP, LP’s (HPGP) cash generating assets consist of its ownership interests in Hiland Partners. Hiland Holdings GP, LP’s aggregate ownership interests in Hiland Partners consist of the following:

a 100% ownership interest of the 2% general partner interest in Hiland Partners;

1,301,471 common units and 4,080,000 subordinated units of Hiland Partners, representing a 57.0% limited partner interest in Hiland Partners; and

all of the incentive distribution rights in Hiland Partners, which entitle Hiland Holdings GP, LP to receive increasing percentages, up to a maximum of 48.0%, of any cash distributed by Hiland Partners as certain target distribution levels are reached in excess of $0.675 per Hiland Partners common and subordinated unit in any quarter.