Post Oak Energy Capital Leads $100 Million Capital Commitment to Nadel and Gussman NV, LLC

HOUSTON–(BUSINESS WIRE)–Post Oak Energy Capital, LP (“Post Oak”), through investment
partnerships it manages, today announced that it led a $100 million
equity commitment to Nadel and Gussman NV, LLC (the “Company” or
“NGNV”). Affiliates of Nadel and Gussman, LLC and the management team
will co-invest alongside Post Oak.

NGNV is a Tulsa-based exploration and production company with an initial
focus on the acquisition and development of oil and gas properties in
the Haynesville Shale. NGNV is also evaluating additional resource shale
plays throughout the United States. The NGNV team is led by industry
veterans Jim Adelson and Stephen Heyman and includes Kevin DeLay, COO;
Shelley Nichols, CFO; Jim Bucci, VP – Geoscience and Perry Phipps, VP –
Land & General Counsel. The NGNV team has extensive experience in all
phases of the oil and gas business and has a long and successful track
record of acquiring and developing oil and gas assets.

“Post Oak is excited to again partner with Nadel and Gussman following
on the heels of our successful venture in the Permian Basin,” said Post
Oak Managing Director Frost Cochran. “Nadel and Gussman has a long
history of successfully investing in the oil and gas business across the
country and provides the ideal partner for Post Oak and its investors.”

Jim Adelson, President of Nadel and Gussman, LLC and CEO of NGNV said,
“I am thrilled to team up with Post Oak in this exciting new venture.
Nadel and Gussman, LLC’s 75-years of operational excellence, the NGNV
management team’s proven capabilities of value creation, and Post Oak’s
financial and strategic strengths provide a formidable combination.”

About Post Oak Energy: Post Oak, which was established in 2006,
is an energy-focused private investor based in Houston, Texas. Its
management team has executive management experience and a broad network
in the energy business as well as significant expertise in equity
investments, operations, development, finance, acquisitions and
divestitures. The firm pursues private investments primarily in the
upstream sector of the oil and gas industry in North America and, to a
lesser extent, in oilfield service and related infrastructure. Post Oak
works in close partnership with operating management teams to build
businesses, accelerate growth and enhance shareholder value. www.postoakenergy.com.

About Nadel and Gussman, LLC: Nadel and Gussman, LLC was
established in 1940 by Herb Gussman and Isadore Nadel. Mssrs. Nadel and
Gussman would go on to build one of the largest independent oil
producers in Kansas and the prolific Osage County, Oklahoma. Stephen
Heyman and Jim Adelson joined the company in 1965 and 1986,
respectively, and through their leadership, Nadel and Gussman, LLC has
built successful positions in oil and gas plays throughout the United
States, including Louisiana, Texas, Kansas, New Mexico, North Dakota and
Oklahoma. www.nadelgussman.com

Contacts

For more information contact:
For Post Oak Energy Capital, LP
Kelly
Kimberly, 832-680-5120
[email protected]