Item 7.01 Regulation FD Disclosure.

On December 31, 2012, Constellation Energy Partners LLC (the "Company") issued a press release announcing that its lenders have set the Company's borrowing base under its reserve-based credit facility at $85.0 million.

A copy of the press release is furnished and attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered "filed" under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.

Item 8.01 Other Events.

Borrowing Base Redetermination

On December 31, 2012, the Company announced that its lenders have completed a semi-annual review of the Company's borrowing base pursuant to the terms of its reserve-based credit facility. Based on this review, the borrowing base has been set by the lenders at $85.0 million.

Borrowings outstanding under the Company's reserve-based credit facility currently total $84.0 million, leaving the Company with $1.0 million in borrowing capacity. The Company maintained $1.8 million in cash and equivalents as of December 28, 2012. The Company's reserve-based credit facility matures on November 13, 2013. As of December 31, 2012, the outstanding balance of $84.0 million under the reserve-based credit facility is a current liability. We are currently working with our syndicate of lenders to extend the due date of our reserve-based credit facility.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description

99.1 Press Release dated December 31, 2012.