Houston-based XOG LLC, an independent oil and natural gas company, has received a $50 million equity commitment from Kayne Anderson Energy Funds and management. XOG Resources was founded in December 2010 by Wes VanNatta and Greg Miller to acquire and develop oil and natural gas properties with identifiable upside in the Ark-La-Tex and onshore Gulf Coast Texas regions.
Previously, VanNatta was a founding member of Force 5 Energy LLC. He served as executive vice president of engineering and was responsible for acquisitions, divestitures, reserves, engineering, and operations. Prior to joining Force 5, he was a director for Richardson Barr & Company and vice president of reserves and acquisitions for KCS Energy Inc. VanNatta has 30 years of industry experience with an emphasis on technical evaluation and operational execution.
Miller previously worked for Common Resources. As a geoscientist, Greg was involved in the exploration and development of the prolific Haynesville/Middle Bossier shale resource play of East Texas and northern Louisiana. Prior to joining Common Resources, he was the manager of geology in the Ark-La-Tex division for EnerVest Management Partners Ltd involved in acquisitions and development. Miller has 28 years of industry experience with an emphasis on field exploitation.
Established in 1998, Kayne Anderson Energy Funds manage $2.7 billion of committed capital for energy private equity investments. With offices in Houston and Los Angeles, Kayne Anderson invests private capital primarily in high-growth oil and gas companies.