Riverstone/Carlyle Backs Eagle Energy

Eagle Energy, a Tulsa, Okla.-based upstream oil and gas company, has raised an undisclosed amount of private equity funding from The Riverstone/Carlyle Global Energy and Power Funds.

PRESS RELEASE

The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that it will make a strategic investment in Eagle Energy (“Eagle” or the “Company”), a private upstream oil & gas company based in Tulsa, Oklahoma. Separately, Eagle will acquire certain assets of Special Energy Corporation (“Special”). Eagle’s operations and assets are in the Hunton and Woodford shale plays. Terms of the transaction were not disclosed.

Eagle will concentrate its efforts in Oklahoma and will be managed by Steve Antry, Kevin Humphrey, Mike O’Kelley and Randy Bodenhamer, a leadership team with significant experience in managing E&P assets in the Mid-Continent.

Mr. Antry, CEO and Tulsa native, said “We are excited to partner with Riverstone, an organization with deep knowledge of the E&P landscape. Riverstone’s demonstration of confidence in our team and business plan to grow operations throughout the Mid-Continent represents an exciting new chapter for Eagle Energy and our employees.”

Greg Beard, Managing Director of Riverstone, added, “We are excited to support such seasoned executives with a depth of relationships and history through the Oklahoma E&P community. We look forward to continuing and supporting the Company’s growth.”

About Riverstone Holdings LLC
Riverstone Holdings LLC, an energy and power-focused private equity firm founded in 2000, has approximately $17 billion under management across six investment funds, including the world’s largest renewable energy fund. Riverstone conducts buyout and growth capital investments in the midstream, exploration & production, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London and Houston, the firm has committed approximately $12.3 billion to 63 investments in North America, Latin America, Europe and Asia. For more information, visit www.riverstonellc.com