Link Energy LLC Stock

Link Energy LLC is engaged in the purchasing, gathering, transporting, trading, storage and resale of crude oil and related activities. The Company gathers and markets from approximately 17,000 field gathering points in 15 states and Canada, averaging 254,000 barrels per day as of December 31, 2003. In addition, the Company is engaged in interstate and intrastate crude oil transportation and crude oil terminalling and storage activities. It purchases crude oil from various producers and operators and market the crude oil to refiners and other customers nationwide. It transports crude oil through pipelines, including approximately 7,450 miles of active gathering and transmission pipelines that it owns, as well as through its trucking operations, which includes a fleet of 200 owned or leased trucks. Link Energy has approximately 8.1 million barrels of active storage capacity associated with field tanks.