XOG, LLC Secures $50 Million Equity Commitment
HOUSTON, Jan. 21, 2011 /PRNewswire/ -- XOG, LLC ("XOG Resources"), an independent oil and natural gas company headquartered in Houston, Texas, is pleased to announce that the company has received a $50 million equity commitment from Kayne Anderson Energy Funds and management. XOG Resources was founded in December 2010 by Wes VanNatta and Greg Miller to acquire and develop oil and natural gas properties with identifiable upside in the Ark-La-Tex and onshore Gulf Coast Texas regions.
Previously, Wes VanNatta was a founding member of Force 5 Energy, LLC (F5E). Wes served as Executive Vice President of Engineering and was responsible for acquisitions, divestitures, reserves, engineering and operations. Prior to joining F5E, Mr. VanNatta was a Director for Richardson Barr & Company and Vice President of Reserves & Acquisitions for KCS Energy, Inc. Mr. VanNatta has 30 years of industry experience with an emphasis on technical evaluation and operational execution.
Previously, Greg Miller worked for Common Resources. As a geoscientist, Greg was involved in the exploration and development of the prolific Haynesville/Middle Bossier shale resource play of east Texas and north Louisiana. Prior to joining Common Resources, Mr. Miller was the Manager of Geology in the Ark-La-Tex division for Enervest Management Partners, Ltd involved in acquisitions and development. Mr. Miller has 28 years of industry experience with an emphasis on field exploitation.
About Kayne Anderson Energy Funds
Established in 1998, Kayne Anderson Energy Funds manage $2.7 billion of committed capital for energy private equity investments. With offices in Houston, Texas and Los Angeles, California, Kayne Anderson invests private capital primarily in high-growth oil and gas companies. For more information on Kayne Anderson's energy private equity investing, please visit www.kaynecapital.com, or contact either Chuck Yates, Senior Managing Director, at (713) 655-7354 or Barbara Hogan, Director of Investor Relations, at (713) 655-7373.
SOURCE XOG, LLC