We recently revised our oil and natural gas price assumptions for 2009 and 2010. We raised the corporate credit rating on Hilcorp to 'BB-' from 'B+'. The stable outlook is based on our expectations that Hilcorp will continue to post satisfactory operating results in its core regions while maintaining healthy credit metrics. On Sept. 16, 2009, Standard&Poor's Ratings Services raised its corporate credit rating on Hilcorp Energy I L.P. to 'BB-' from 'B+'. Houston-based Hilcorp is a private partnership that acquires, develops, and produces crude oil and natural gas. The outlook is stable. The issue-level rating on the company's senior notes remains at 'BB-' (the same as the corporate credit rating). However, we revised the recovery rating on
