Month: October 2012

Houstonian Community Activist Ray Hill Appears on The AP with Judyth Piazza

Judyth Piazza interviews Houstonian Community Activist Ray Hill on The American Perspective Seventy one year old native Houstonian. Graduated from Galena Park Public Schools; Attended Steven F Austin State University, University of Houston, Tulane University, New Orleans, no degrees. Came out as a gay man to my family and at Galena Park High School in 1958. Cofounder and President of Promethean Society (Houston`s first gay/lesbian organization (1967-1969); Cofounder (1968), former Board Member and former General Manager (1980-1981) of Pacifica Radio, KPFT-FM; Cofounder, Executive Director Houston Human Rights League (1976-1986); Cofounder (1975), Past President (1989) of Houston Gay and Lesbian Political Caucus; Winner of landmark First Amendment US Supreme Court Case Houston v Hill 107 S.Ct 2502, 1987); Cofounder/organizer (1976), Past Chair (1984-1985) of Houston Lesbian Gay Pride Week; Former Chair (1984-1986) of Montrose Activity Center; Chair of Executive and Coordinating Committees for the First March on Washington for Gay and Lesbian Rights, 1979; Founder and original producer and host (1975-1980) of Wilde N Stein (one of the first regularly scheduled gay/lesbian radio shows in the country and the only one in the South in the 1970`s); Cofounder Kaposi`s Sarcoma Foundation (1980, became KS/AIDS Foundation, is now AIDS Foundation Houston); Convict (1970-1975) Texas Prison System; Founder and Executive Director of First Amendment Lobby of Texas (1982-1997); Author of first “Safe Sex Pamphlet” in the country to help prevent the spread...

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Eagle Rock Announces 17% Increase in Upstream Borrowing Base

HOUSTON – Eagle Rock Energy Partners, L.P. (the “Partnership”) (Nasdaq:EROC) today announced that effective October 1, 2012, the upstream component of the borrowing base under its senior secured credit facility has been increased to $400 million by its commercial lenders as part of the Partnership’s regularly scheduled semi-annual redetermination of the upstream component of the borrowing base. This represents an increase of approximately $58 million over the previous upstream component of the borrowing base. The Partnership’s total borrowing base, including its midstream component (as last determined as of June 30, 2012) and giving effect to the new upstream component, is approximately $780 million. The total borrowing capacity under the senior secured credit facility is limited to the lower of the borrowing base and the total lender commitments, which remain unchanged at $675 million. The upstream component of the Partnership’s borrowing base is redetermined semi-annually effective April 1 and October 1, while the midstream component is calculated quarterly with delivery of the Partnership’s financial statements. About the Partnership The Partnership is based in the United States and is a domestically-focused, growth-oriented limited partnership engaged in the business of (i) gathering, compressing, treating, processing, transporting, marketing and trading natural gas; fractionating, transporting and marketing NGLs; and crude oil logistics; and (ii) developing and producing interests in oil and natural gas property...

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