Joe Davis Joins Lucid Energy Group II as General Counsel

DALLAS–(BUSINESS WIRE)–Lucid
Energy Group II (ÔÇ£Lucid IIÔÇØ) announced today that Joe Davis has
joined the companyÔÇÖs leadership team as general counsel.

The announcement follows Lucid IIÔÇÖs recent $1.6 billion recapitalization
through strategic investments from Riverstone Holdings LLC and the
Merchant Banking Division of The Goldman Sachs Group, Inc., which
positions Lucid II for continued growth in the Delaware Basin. Lucid II
is expanding its leadership and operating teams to meet these growth
opportunities by continuing to deliver best-in-class service to its
high-quality and growing customer base.

ÔÇ£We are fortunate to have Joe join our team,ÔÇØ said Lucid II CEO Mike
Latchem. ÔÇ£Joe brings a wide range of experience that is of immediate
value to Lucid II, and he will play a central role in our long-term
strategy. His public company experience and M&A background will be key
to Lucid IIÔÇÖs continued growth in the Delaware Basin and the midstream
marketplace.ÔÇØ

ÔÇ£I am honored to join the Lucid II team and look forward to helping
build and expand the business,ÔÇØ Mr. Davis said. ÔÇ£Lucid IIÔÇÖs assets sit
on top of some of the most prolific production areas in the Delaware
Basin, the Lucid II team serves some of the best oil and gas producers
in the business, and the company is supported by outstanding financial
partners.ÔÇØ

Before he joined Lucid II, Mr. Davis was general counsel and an adviser
to the Kayne Anderson Special Acquisition Corporation. Prior to Kayne
Anderson, Mr. Davis served for 10 years as general counsel for the
EnLink Midstream companies and their predecessors. He has served on
various boards, including Matador Resources Company and Howard Energy
Partners, LLC, and was in private practice as a partner with Hunton &
Williams LLP and its predecessor, focusing heavily on energy projects
and energy mergers and acquisitions.

About Lucid Energy Group II

Lucid Energy Group II serves the industryÔÇÖs leading oil and gas
producers as they develop North AmericaÔÇÖs premier basin. Lucid is the
largest natural gas processor in the northern Delaware Basin and the
largest privately held natural gas processor in the greater Permian
Basin. Visit www.lucid-energy.com
for more information.

About Riverstone Holdings LLC

Riverstone Holdings LLC is an energy and power-focused private
investment firm founded in 2000 by David M. Leuschen and Pierre F.
Lapeyre, Jr. with approximately $38 billion of capital raised.
Riverstone conducts buyout and growth capital investments in the
exploration & production, midstream, oilfield services, power and
renewable sectors of the energy industry. With offices in New York,
London, Houston and Mexico City, Riverstone has committed over $37
billion to more than 150 investments in North America, Latin America,
Europe, Africa, Asia and Australia. Visit www.riverstonellc.com for
more information.

About Goldman Sachs Merchant Banking Division

Founded in 1869, The Goldman Sachs Group, Inc. is a leading global
investment banking, securities and investment management firm. Goldman
Sachs Merchant Banking Division is the primary center for the firmÔÇÖs
long-term principal investing activity. With nine offices across seven
countries, Goldman Sachs MBD is one of the leading private capital
investors in the world with equity and credit investments across
corporate, real estate, and infrastructure strategies. Since 1986, the
group has invested approximately $180 billion of levered capital across
a number of geographies, industries and transaction types.

Contacts

TEN|10 Group
Casey Nikoloric, 303-433-4397, x101
Mobile:
303-507-0510
[email protected]