Beacon E&P Raises $150 Million

Beacon E&P Co., a Denver-based oil and natural gas company, has received a $150 million equity commitment from Kayne Anderson Energy Funds, BAML Capital Partners, company management and others.

PRESS RELEASE

Beacon E&P Company, LLC (“Beacon”), an independent oil and natural gas company headquartered in Denver, Colorado, is pleased to announce the company has received $150 million in equity commitments from Kayne Anderson Energy Funds (“Kayne Anderson”), BAML Capital Partners (“BAMLCP”), management and other investors. Beacon was formed in June 2009 by Jim Lightner, Rod Mellott and Stu Wagner.

Mr. Lightner previously served as Chairman, President and Chief Executive Officer of Tom Brown, Inc. (“Tom Brown”), which was acquired by EnCana Corporation in 2004, and was a founding partner of Orion Energy Partners (“Orion”). Mr. Mellott previously served as Vice President of Land and Business Development at Tom Brown and was a founding partner of Orion. Mr. Wagner was a founding partner of Petrie Parkman, Inc. and most recently served as Senior Vice President of Business Development at Cheniere Energy, Inc.

The Beacon management team will collectively seek to assemble and develop a portfolio of onshore oil and natural gas assets in the United States with a focus on unconventional plays requiring leading-edge drilling and completion technologies.

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 in high-growth exploration and production, midstream and oilfield services companies. For more information on Kayne Anderson’s energy private equity investing, please visit www.kayneenergy.com, or contact either Danny Weingeist at (713) 655-7351 or Bob Sinnott at (310) 284-5508.

About BAML Capital Partners

BAML Capital Partners is the private equity and mezzanine capital investment unit within the Global Principal Investments group of Bank of AmericaMerrill Lynch. Founded in 1993, BAML has invested over $8 billion in approximately 150 transactions across industries and roles from lead sponsor to mezzanine provider. The group targets investments of $25 million to $200 million in middle market and large capitalization companies. For additional information on BAML Capital Partners, please visit www.bankofamerica.com/bamlcp.