Provident Energy Trust is a Calgary-based, open-ended energy income trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business. Provident's upstream oil and gas production portfolio is located in some of the most stable and predictable producing regions in Western Canada, Southern California and Wyoming, and our Midstream assets stretch from Western Canada to the eastern reaches of North America.

Provident provides monthly cash distributions to its unitholders and trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbols PVE.UN and PVX, respectively.

Provident is unique. We are the only Canadian energy trust to have materially diversified both geographically and along the energy value chain, and to have an integrated portfolio strategy represented by three business units.

•  Canadian upstream business unit (COGP). COGP produces and sells natural gas, crude oil, natural gas liquids and heavy oil. In keeping with our goal of creating long-term value through our diversified portfolio, COGP assets are well balanced in terms of geography and commodity mix.

•  U.S. upstream business unit (USOGP). USOGP produces and sells crude oil and natural gas from mature basins in Southern California and Wyoming. USOGP's production breakdown is approximately 95 percent oil and five percent natural gas. USOGP gives Provident long-life reserves and an excellent platform for future growth.

•  Midstream business unit (Midstream). Provident's Midstream business unit is Canada's second-largest integrated natural gas liquids (NGL) business. Midstream is a business with long-life physical assets (plants, pipelines, storage facilities, etc.) that provide an excellent balance to Provident's upstream production business units.

Provident's integrated portfolio strategy provides excellent sustainability and a balanced risk portfolio, both of which support our ultimate objective: long-term value.