WBI Holdings is involved in two strategically related businesslines:

Pipeline and Energy Services ...view map>>		Natural Gas and Oil Production ...view map>>
Provides natural gas transportation, underground natural gas storage, and pipeline gathering services utilizing pipeline systems primarily in the Rocky Mountain and northern Great Plains regions of the United States. The companies also provide energy-related management and marketing services along with cathodic protection services.		Activities include the development and operation of natural gas and oil production properties, acquisition of producing properties and exploratory drilling. The company shares revenues and expenses from the development of specified properties in proportion to its ownership interests and operates primarily in the Rocky Mountain and Mid-Continent/Gulf State regions.
Affiliate Companies:		Affiliate Company:
	Williston Basin Interstate Pipeline Company Bitter Creek Pipelines Total Corrosion Solutions Prairielands Energy Marketing		Fidelity Exploration & Production Company
Major Customers:		Major Customers:
	Natural gas utilities Industrial and commercial natural gas users Natural gas and oil production companies Natural gas marketers		Energy marketers End-use customers Natural gas utilities
Total 2009 Revenue:		Total 2009 Revenue:
	$307.8 million		$439.7 million
Source of 2009 Revenue: (Excluding natural gas sales)		Source of 2009 Revenue:
	44% Transportation 28% Gathering 19% Storage 9 % Other		66% Natural gas 34% Oil

Corporate Structure