Outrigger Energy Receives $200 Million in Equity Commitments

  Outrigger Energy Receives $200 Million in Equity Commitments

Business Wire

DENVER -- October 7, 2013

Outrigger Energy LLC (“Outrigger Energy”) announced today that it has received
$200 million in equity commitments from Kayne Anderson Energy Fund VI (“Kayne
Anderson”), private investor Brion G. Wise, and management. Outrigger Energy
is a Denver-based midstream company that provides a full range of midstream
services to crude oil and natural gas producers.

Outrigger Energy’s management team is led by CEO Dave Keanini and SVP,
Business Development Brian Jeffries. Prior to the formation of Outrigger
Energy, Mr. Keanini served as President and COO of Bear Tracker Energy, where
he was instrumental in the greenfield sourcing, design and development of the
company’s assets in North Dakota’s Bakken shale and Colorado’s Niobrara shale
prior to its sale. Previously, he was General Manager of Rockies Midstream for
Anadarko Petroleum Corporation. Mr. Jeffries brings over 25 years of
experience in the pipeline industry and currently also serves as Executive
Director of the Wyoming Pipeline Authority.

“The pace of activity within emerging resource plays and the resultant need
for midstream development has never been greater,” said Dave Keanini.
“Outrigger Energy is excited to bring together the technical expertise,
resources and relationships of Kayne Anderson with the track record, support
and experience of industry veteran Brion Wise along with his long-time
business partner Bill Sanderson. Together, we believe Outrigger will
successfully capitalize on high-growth, long-term development opportunities
working closely with our producer customers.”

FROM OUTRIGGER ENERGY’S EQUITY PARTNERS

“We are very pleased to partner with the team at Outrigger Energy,” said Chuck
Yates, Partner at Kayne Anderson Energy Funds. “The company has assembled a
deep management team with the skills necessary to provide industry-leading
solutions to producers. Kayne Anderson is very excited about Outrigger’s
future and we look forward to working with the team and our co-investor, Brion
Wise, to ensure Outrigger’s success.”

Mr. Wise added, “Bill Sanderson and I have personally known Dave Keanini and
Brian Jeffries for many years and worked closely with them in growing Western
Gas Resources prior to its sale. We are optimistic about the current
opportunities facing entrepreneurial midstream providers and are keen to
re-enter the midstream sector partnering with the Outrigger team and Kayne
Anderson.”

ABOUT OUTRIGGER ENERGY

Headquartered in Denver, Colorado, Outrigger Energy is a midstream energy
company focused on the design, construction, operation and acquisition of
midstream assets. The company is focused on midstream projects in emerging
resource plays and serving producers by providing (i) crude oil gathering and
marketing; (ii) natural gas gathering, compression, processing, treating and
marketing; (iii) NGL fractionation, transportation and marketing; and (iv)
produced water handling and disposal. For more information, please visit
www.outriggerenergy.com or contact info@outriggerenergy.com.

ABOUT KAYNE ANDERSON

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading
independent alternative investment management firm focused on niche investing
in upstream oil and gas companies, energy infrastructure, specialized real
estate, middle market credit, growth private equity and distressed municipal
opportunities. Kayne’s investment philosophy is to pursue niches, with an
emphasis on cash flow, where its knowledge and sourcing advantages enable it
to deliver above average, risk-adjusted investment returns. Kayne manages over
$23 billion in assets (as of 8/31/2013) for institutional investors, family
offices, high net worth and retail clients and employs over 225 professionals
in eight offices across the United States.

Through Kayne Anderson Energy Funds, the firm manages over $4.0 billion of
committed capital dedicated to private equity investments in primarily
upstream oil and gas companies. Currently, the firm has over 40 active
portfolio companies focused on the acquisition and development of upstream oil
and gas assets across North America.

The firm is headquartered in Los Angeles with offices in Houston, New York
City, Chicago, Denver, Dallas, Atlanta and Boca Raton. For more information,
please visit www.kaynecapital.com.

ABOUT BRION G. WISE

Brion G. Wise is a private investor and has over 35 years of experience in the
oil and gas industry. Mr. Wise founded Western Gas Resources, Inc. in 1971 and
served the company in various executive and board positions until its sale to
Anadarko Petroleum Corp. in 2006 for $5.3 billion.

Contact:

Kayne Anderson Energy Funds
Chuck Yates, 713.655.7354
Partner
cyates@kaynecapital.com
 
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