Pioneer Southwest Energy Partners L.P. (PSE)

RBC Capital Markets Conference Call

November 17, 2011 9:30 AM ET

Executives

Steven H. Pruett – President and CFO - Legacy Reserves L.P

Kolja Rockov – Executive VP and CFO - LINN Energy

Rich Dealy – Executive VP and CFO – Pioneer Southwest Energy Partners L.P.

Presentation

Moderator

Good morning. We’ll get started here in just a minute. Hope everybody got something useful out of the day yesterday and we’ve got another good slate of panel presentations this morning and we will be kicking off this morning with an another panel focus on the upstream MLPs. These three partnerships really are focused in the Permian and Granite Wash. We’ve got Legacy Reserves L.P with Steve Pruett, President and Chief Financial Officer; LINN Energy, Kolja Rockov, Executive Vice President and Chief Financial Officer; and Pioneer Southwest Energy Partners with Rich Dealy, Executive Vice President and Chief Financial Officer.

So with that we’ll kick it off with Steven, Legacy.

Steven H. Pruett – President and CFO - Legacy Reserves L.P

Thank you, TJ. I’m a little under the weather today with the cold, but I’ll do my best. Well it’s great to be in Dallas and to report to our owners. We had a nice third quarter. It seems like it was eons ago, but we reported just a couple of weeks ago and our minds are of course focused on the fourth quarter and next year. I’ll be making forward-looking statements so we encourage you to look at our 10-K for risk factors and examine all of our recent filings.

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