Highland Oil & Gas, LLC Receives $100 Million Equity Commitment
Posted on: Thursday, 6 December 2007, 12:00 CST
Highland Oil & Gas, LLC ("Highland"), an independent natural gas company headquartered in Ft. Smith, Arkansas, is pleased to announce the company has received up to $100 million in equity commitments from Kayne Anderson Energy Funds ("Kayne Anderson"), management and others. Highland was formed in October 2007 by S. Michael "Mike" Oxley and Elwin A. Hoover. Subsequent to formation, Messrs. Oxley and Hoover were joined by Ken Black and Pam Ibbetson. Mr. Oxley will serve as President and Chief Executive Officer of Highland, Mr. Hoover will serve as Vice President-Arkoma, Mr. Black will serve as Vice President-Anadarko and Ms. Ibbetson will serve as Vice President-Land where they will collectively seek to acquire and develop conventional natural gas resources in the Arkoma and Anadarko basins.
About Highland Oil & Gas, LLC
Highland Oil & Gas, LLC is a natural gas exploration company with offices located in Ft. Smith, Arkansas, Houston, Texas and Tulsa, Oklahoma. Highland is focused on the acquisition and exploration of conventional natural gas resources in Arkansas, Oklahoma and Texas. Highland seeks to acquire and explore for gas in the Arkoma and Anadarko basin by applying their extensive geologic and operational expertise. Collectively, management has drilled more than 1,000 wells and developed more than 600 Bcfe in the Arkoma and Anadarko basins.
About Kayne Anderson Energy Funds
Established in 1998, Kayne Anderson Energy Funds manage $1.85 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.
Source: Business Wire
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