March 4, 2010 (FinancialWire) — Copano Energy, L.L.C. (NASDAQ: CPNO) said it has priced an upsized public offering of 6.475 million common units representing limited liability company interests at $23.10 per common unit. The offering is scheduled to close on March 8, 2010. The underwriters have been granted a 30-day option to purchase up to 971,250 additional common units.

Copano plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving credit facility and expects to use the increased borrowing capacity as needed for capital projects, acquisitions, hedging, working capital and general corporate purposes.

Houston-based Copano Energy, L.L.C. is a midstream natural gas company with operations in Oklahoma, Texas, Wyoming and Louisiana.

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