HOUSTON, TEXAS (May 18, 2012) – Treadstone Energy Partners, LLC (“Treadstone”) announced today that it has completed the acquisition of an Undisclosed Seller’s interest in the Fort Trinidad Field in Madison and Houston counties, Texas. The acquisition includes the Upper Glen Rose (“C”) Unit producing field which encompasses approximately 15,000 acres covering multiple oil and liquids-rich stacked pays. Treadstone will assume operatorship of the producing wells and gas compression facilities which were previously operated by the Undisclosed Seller. Treadstone plans to pursue well workovers, recompletions and new drilling opportunities to increase production and recovery from this asset.
Treadstone’s President & CEO, Frank McCorkle, had this to say about the acquisition: “This is an exciting time for Treadstone. The Fort Trinidad acquisition complements our existing asset base in East Texas, where we now hold over 20,000 net acres of proven oil and liquids-rich acreage. We expect significant production and reserves growth over the next year, providing a solid foundation for the future of Treadstone.”
Treadstone is a Houston-based, privately held company engaged in the acquisition and development of oil and natural gas reserves. Treadstone was formed in March 2011 as a Kayne Anderson Energy Funds portfolio company.
About Kayne Anderson Energy Funds
The first Kayne Anderson Energy Fund was launched in 1998, and the Kayne Anderson Energy Funds currently manage $2.7 billion of committed capital for energy private equity investments. With offices in Houston, Texas and Los Angeles, California, the Kayne Anderson Energy Funds invest private capital primarily in high-growth oil and gas companies. For more information on Kayne Anderson’s energy private equity investing, please visit www.kaynecapital.com, or contact Mike Heinz, Senior Managing Director, at (713) 655-7352.
Treadstone Energy Partners, LLC
Frank A. McCorkle, (713) 482-2990
President & CEO