XOG to Receive $50M Equity Investment

XOG, LLC, a Houston, Texas-based oil and natural gas company, has received a $50m equity commitment from Kayne Anderson Energy Funds and management.

Founded in December 2010 by Wes VanNatta and Greg Miller, XOG Resources acquires and develops oil and natural gas properties with identifiable upside in the Ark-La-Tex and onshore Gulf Coast Texas regions.

Wes VanNatta was a founding member of Force 5 Energy, LLC. Prior to joining F5E, he was a Director for Richardson Barr & Company and Vice President of Reserves & Acquisitions for KCS Energy, Inc. Mr. VanNatta brings 30 years of industry experience with a particular emphasis on technical evaluation and operational execution.

Greg Miller worked for Common Resources as a geoscientist. Previously, Mr. Miller was the Manager of Geology in the Ark-La-Tex division for Enervest Management Partners, Ltd. He brings Mr. Miller has 28 years of industry experience, with a emphasis on field exploitation.

FinSMEs

21/01/2011

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