Sabinal Energy, LLC Announces Central Basin Platform Acquisition

THE WOODLANDS, Texas–(BUSINESS WIRE)–Sabinal Energy, LLC (“Sabinal” or the “Company”) and the Kayne Private
Energy Income Fund, L.P. (“Kayne” or the “Fund”) announced today the
closing of the purchase of certain producing oil and natural gas assets
owned by Chevron U.S.A. Inc. (“Chevron”) in the Central Basin Platform
and Northern Shelf of West Texas. The acquired assets produce
approximately 7,500 barrels of oil equivalent per day across a roughly
66,500 net acre position in Hockley, Terry and Gaines Counties.

Bret Jameson, CEO of Sabinal, said, “We are excited to announce our
first acquisition since forming Sabinal last summer. The Central Basin
Platform is an area that we know well and one that we believe offers
considerable upside potential through focused management. We are happy
to welcome aboard many of the field employees from Chevron that will
provide continuity which will be extremely helpful as we grow our
position both organically and through future acquisitions in the area.”

“We are excited for Bret and his team and are confident in Sabinal’s
operating capabilities,” said Danny Weingeist, Managing Partner at
Kayne. “The assets are a tremendous fit, not only for Sabinal, but also
for our Fund’s strategy.”

Wells Fargo Bank, National Association provided a sole underwritten
commitment for debt financing as part of the acquisition. DLA Piper LLP
(US) and Kirkland & Ellis LLP served as legal advisors to Sabinal.
Mobius Risk Group served as marketing and derivatives advisor to Sabinal.

ABOUT SABINAL ENERGY

Founded in 2016, Sabinal is a privately held oil and natural gas
exploration and production company based in The Woodlands, Texas.
Sabinal is focused on the acquisition and development of large,
long-life producing oil and gas assets in North America. The Sabinal
management team is led by Bret Jameson, the former Chief Operating
Officer at Lewis Energy Group. Bret has assembled a deep management team
with experience across multiple basins in North America, including the
Permian.

For more information, please visit www.sabinalenergy.com.

ABOUT KAYNE ANDERSON CAPITAL ADVISORS

Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson” or the “Firm”),
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, growth equity and both private
credit and diversified liquid credit. Kayne Anderson manages over $24
billion in assets and employs over 300 professionals in eight offices
across the U.S.

The Kayne Private Energy Income Fund, L.P. is part of Kayne Anderson’s
successful energy private equity practice that has raised over $8
billion since 1998. The Fund was formed in mid-2014 to take advantage of
the market opportunity to acquire and develop large, long-life producing
oil and gas assets in North America.

The Firm 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

Sabinal Energy, LLC
Bret Jameson, President & CEO
(346)
224-9300
or
Kayne Anderson Capital Advisors, L.P.
David
Iverson, Managing Director
(713) 493-2001