| | • | changes in the differential between the New York Mercantile Exchange or other benchmark prices of oil, natural gas liquids and natural gas and the reference or regional index price used to price Compass’ actual oil and natural gas sales; |
| | • | Compass’ ability to operate successfully as an independent business; |
| | • | Compass’ ability to replace natural gas marketing services upon the expiration of the current arrangements with EXCO Resources, Inc.; |
| | • | the impact on Compass if it is unable to successfully execute or consummate one or more disposition, acquisition or reserve development opportunities; |
| | • | Compass’ ability to market and sell its oil, natural gas liquids and natural gas and its exposure to the credit risk of its customers, working interest owners and other counterparties and the risks associated with drilling activities; |
| | • | the inherent uncertainty of estimates of oil and natural gas reserves; |
| | • | the risk that Compass will be unable to identify or complete, or complete on economically attractive terms, suitable disposition and/or acquisition opportunities of oil and gas properties; |
| | • | Compass’ ability to successfully operate in a highly regulated and litigious environment, including exposure to operating hazards and uninsured risks; |
| | • | Compass’ ability to effectively mitigate the impact of commodity price volatility from its cash flows with its hedging strategy; |
| | • | changes in the U.S. federal income tax laws and regulations that may affect the relative income tax advantages of Compass’ products; |
| | • | the impact of future and existing environmental regulations; |
| | • | the effects of climate change and unusual weather activity; |
| | • | the intense competition in the oil and gas industry, including acquiring properties, contracting for drilling equipment and hiring experienced personnel; and |
| | • | the unavailability of pipelines or other facilities interconnected to Compass’ gathering and transportation pipelines. |
We caution the reader that undue reliance should not be placed on any forward-looking statements, which speak only as of the date of this prospectus or the date of documents incorporated by reference herein. Neither we nor any of our subsidiaries undertake any duty or responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this prospectus or to reflect actual outcomes.
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