Native Exploration Holdings, LLC Receives $140 Million Equity Commitment from Kayne Anderson

OKLAHOMA CITY–(BUSINESS WIRE)–Native Exploration Holdings, LLC (“Native” or the “Company”) announced
today a partnership with Kayne Anderson Energy Funds (“Kayne Anderson”).
Kayne Anderson and members of the Native management team have
collectively made capital commitments in excess of $140 million to the
Company.

Native is a newly formed independent oil and gas company headquartered
in Oklahoma City, Oklahoma. The Company was founded by co-CEOs Lane
Gibbs and Matt Whitaker (collectively, the “Founders”) to build upon the
Founders’ successful track record of value creation in the Mid-Continent
region. Prior to forming the Company, the Founders were highly active in
the acquisition of leasehold, minerals and royalties – primarily in the
SCOOP and STACK plays of Oklahoma – through their predecessor entity,
Native Oil & Gas, LLC.

“The Native team is incredibly excited about the opportunity to partner
with Kayne Anderson, and believes this venture will create a great
opportunity for Native to continue to exploit its strategy in the
Mid-Continent while delivering attractive rates of return,” co-CEOs Lane
Gibbs and Matt Whitaker said. “With Kayne Anderson’s successful track
record and financial strength, we look forward to a prosperous
relationship.”

Chuck Yates, Managing Partner at Kayne Anderson, commented, “We are
extremely pleased to partner with two talented entrepreneurs in Lane and
Matt. Our investment in Native highlights our strategy of making
commitments to proven management teams with excellent relationships and
established track records, and we look forward to partnering alongside
Native’s success.”

About Native

Headquartered in Oklahoma City, Oklahoma, Native will pursue
acquisitions of oil and gas assets with scalable exploitation and
development upside. The Company will consider opportunities in the
Mid-Continent region, specifically in Oklahoma.

About Kayne Anderson

Kayne Anderson Capital Advisors, L.P., (“Kayne”) founded in 1984, is a
leading alternative investment management firm focused on niche
investing in upstream oil and gas companies, energy and infrastructure,
specialized real estate, middle market credit and growth equity. Kayne’s
investment philosophy is to pursue niches, with an emphasis on cash
flow, where knowledge and sourcing advantages enables them to deliver
above average, risk-adjusted investment returns. Kayne manages $25.5
billion in assets (as of 6/30/2017) for institutional investors, family
offices, high net worth and retail clients and employs over 300
professionals in eight offices across the U.S.

Through Kayne Anderson Energy Funds (“KAEF”), Kayne has raised over $6.3
billion of committed capital dedicated to energy private equity
investments in primarily upstream and midstream oil and gas companies.
Currently, KAEF has approximately 25 active portfolio companies focused
on upstream and midstream oil and gas assets across North America.

Kayne 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.

Contacts

Native Exploration Holdings, LLC
Lane Gibbs, [email protected]
Matt
Whitaker, [email protected]
or
Kayne
Anderson Energy Funds
Chuck Yates, [email protected]