Kayne Anderson invests in Denver-based Outrigger Energy

Outrigger Energy has raised $200 million from Kayne Anderson Capital Advisors. Private investor Brion G. Wise and Outrigger Energy’s management also participated in the investment. Based in Denver, Colorado, Outrigger Energy is a provider of midstream services to crude oil and natural gas producers.

PRESS RELEASE

DENVER, COLORADO – 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.