April 20, 2010 (FinancialWire) — Eagle Rock Energy Partners, L.P. (NASDAQ: EROC) said the borrowing base under its senior secured credit facility has been set at $130 million by its commercial lenders as part of the partnership's regularly scheduled semi-annual borrowing base redetermination.

The redetermined borrowing base is effective April 1, 2010, with no additional fees or increases in interest rate spread incurred.

The partnership also said that on April 9, 2010, it entered into a swap for 20,000 barrels per month of NYMEX WTI crude oil for the twelve months ended December 31, 2013. The swap price for the transaction is $90.20 per barrel.

Eagle Rock Energy Partners is a growth-oriented master limited partnership engaged in three businesses: a) gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting natural gas liquids; and marketing natural gas, condensate and NGLs; acquiring, exploiting, developing, and producing interests in oil and natural gas properties; and c) acquiring and managing fee mineral and royalty interests in properties located in multiple producing trends across the United States. Its corporate office is located in Houston, Texas.

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