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Private Equity
naturalgaspartners.com

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Investments

30

Portfolio Exits

13

Funds

2

Partners & Customers

2

About Natural Gas Partners

Founded in 1988, Natural Gas Partners manage (as of August 2010) a family of funds that invests private equity capital in oil and gas production, midstream and oilfield service and power companies. The NGP platform consists of a series of private equity funds . The firm also manages co-investment funds that invest in direct oil and gas property interests alongside NGP portfolio companies. Natural Gas Partners is an affiliate of NGP Energy Capital Management, based in Irving, Texas that invests across the entire natural resources sector.

Natural Gas Partners Headquarter Location

5221 N. O'Connor Blvd Suite 1100

Irving, Texas, 75039,

United States

972-432-1440

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Latest Natural Gas Partners News

New Jersey Natural Gas Partners With Google and EFI to Provide Nearly Half a Million Free Smart Thermostats to New Jersey Households During Pandemic

Jun 8, 2020

June 08, 2020 11:33 AM Eastern Daylight Time WALL, N.J.--( BUSINESS WIRE )--New Jersey Natural Gas (NJNG) today announced it has partnered with Google Nest and Energy Federation Inc. (EFI) to provide the Google Nest Thermostat E at no cost to NJNG’s nearly half a million residential customers*, helping households save energy and money. This offer reinforces NJNG’s commitment to sustainability and delivering energy-efficiency solutions to help customers make energy decisions that save energy, lower energy bills and reduce carbon emissions. “With customers spending more time at home in response to COVID-19, and warmer weather on the way, energy use and bills will be on the rise,” said Steve Westhoven, president and CEO of New Jersey Resources, parent company of NJNG. “We’re here to help our customers by empowering them with the technology and tips they need to save energy and money, and help protect the environment.” Nest Thermostat E users save an average of up to 15% on cooling costs and up to 12% on heating costs**, according to Google. Based on typical energy usage, this translates to an estimated average savings of $131 - $145 each year. The free Nest Thermostat E offer complements NJNG’s overarching efforts to provide customers with access to programs to help manage their energy bills. The Nest Thermostat E automatically programs itself and creates a schedule based on the user’s habits and preferences. With voice activation capabilities, it is easier than ever to save energy and stay comfortable. The Nest Leaf icon appears on the thermostat device, or app, to indicate when energy-saving temperatures are selected. The limited-time offer is valid June 8 through July 20, 2020 for NJNG customers only on the NJNG Marketplace. Customers can visit njng.com/marketplace for this free offer and discounts on other energy-efficiency products. The NJNG Marketplace was launched in 2019 in conjunction with EFI, which provides the e-commerce technology for the NJNG Marketplace and fulfillment services to NJNG clients. NJNG’s The SAVEGREEN Project® offers rebates and incentives, including 0% APR financing, to help make it affordable to replace HVAC and water heating equipment – with the potential of no upfront costs. *** Plus, enhanced rebates and financing terms are available for eligible moderate-income customers. Visit savegreenproject.com to learn more. NJNG reminds its customers energy assistance programs are available. If you or someone you know needs assistance paying their NJNG bill, call 800-221-0051 and say "energy assistance" at the prompt to speak with an NJNG customer service representative or email us at energyassist@njng.com . Google Nest and Google Nest Thermostat E are trademarks of Google LLC. * Smart thermostats must be purchased through the NJNG Marketplace and are only available to NJNG customers. NJNG instant rebate limited to the purchase of two thermostats only over the lifetime of the NJNG Marketplace. Smart thermostats are not compatible with all heating systems. Price reflects NJNG and manufacturer rebates. Customers are responsible for all applicable sales tax. Terms and conditions apply. ** Independent studies showed that Google Nest saved an average of 10% to 12% on heating and 15% on cooling. Based on typical energy costs, that’s an estimated average savings of $131 to $145 a year. Individual savings not guaranteed. *** Visit savegreenproject.com for terms and conditions. About New Jersey Resources: NJR is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It is composed of five primary businesses: New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties. NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of over 315 megawatts, providing residential and commercial customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. NJR Midstream serves customers - from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as a 50 percent equity ownership in Steckman Ridge natural gas storage facilities, and a 20 percent equity interest in the planned PennEast Pipeline Project. NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com .

Natural Gas Partners Investments

30 Investments

Natural Gas Partners has made 30 investments. Their latest investment was in AVAD Energy Partners as part of their Private Equity on January 1, 2017.

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Natural Gas Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/12/2017

Private Equity

AVAD Energy Partners

$77.5M

Yes

3

10/12/2016

Private Equity - II

Luxe Energy

$524M

No

2

5/17/2016

Private Equity

Teal Natural Resources

$125M

Yes

1

3/24/2016

Growth Equity

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10

2/25/2016

Private Equity

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$99M

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10

Date

1/12/2017

10/12/2016

5/17/2016

3/24/2016

2/25/2016

Round

Private Equity

Private Equity - II

Private Equity

Growth Equity

Private Equity

Company

AVAD Energy Partners

Luxe Energy

Teal Natural Resources

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Amount

$77.5M

$524M

$125M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

2

1

10

10

Natural Gas Partners Portfolio Exits

13 Portfolio Exits

Natural Gas Partners has 13 portfolio exits. Their latest portfolio exit was Luxe Energy on June 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/2/2021

Corporate Majority

2

12/16/2020

Reverse Merger

1

10/12/2017

Acquired

1

4/25/2016

Acquired

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10

8/8/2014

IPO

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10

Date

6/2/2021

12/16/2020

10/12/2017

4/25/2016

8/8/2014

Exit

Corporate Majority

Reverse Merger

Acquired

Acquired

IPO

Companies

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Valuation

Acquirer

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Sources

2

1

1

10

10

Natural Gas Partners Acquisitions

3 Acquisitions

Natural Gas Partners acquired 3 companies. Their latest acquisition was Samson Investment Company on November 24, 2011.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/24/2011

$99M

Acq - Fin

2

11/30/2008

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$99M

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10

8/13/2004

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$99M

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10

Date

11/24/2011

11/30/2008

8/13/2004

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

2

10

10

Natural Gas Partners Fund History

2 Fund Histories

Natural Gas Partners has 2 funds, including NGP Natural Resources XII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/30/2018

NGP Natural Resources XII

$3,200M

2

1/18/2015

NGP Natural Resources XI

$99M

10

Closing Date

7/30/2018

1/18/2015

Fund

NGP Natural Resources XII

NGP Natural Resources XI

Fund Type

Status

Amount

$3,200M

$99M

Sources

2

10

Natural Gas Partners Partners & Customers

2 Partners and customers

Natural Gas Partners has 2 strategic partners and customers. Natural Gas Partners recently partnered with Torrent Oil & Gas on February 2, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

2/4/2016

Partner

United States

Torrent Oil & Gas LLC Announces Partnership with Natural Gas Partners

HOUSTON -- -- Torrent Oil & Gas LLC today announced that it has secured a private equity financing commitment and partnership with Natural Gas Partners through NGP Global Agribusiness Partners , the most recent NGP Global Agribusiness Partners private equity fund focused on natural resources and management .

1

Partner

United States

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10

Date

2/4/2016

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

Torrent Oil & Gas LLC Announces Partnership with Natural Gas Partners

HOUSTON -- -- Torrent Oil & Gas LLC today announced that it has secured a private equity financing commitment and partnership with Natural Gas Partners through NGP Global Agribusiness Partners , the most recent NGP Global Agribusiness Partners private equity fund focused on natural resources and management .

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Sources

1

10

Natural Gas Partners Team

23 Team Members

Natural Gas Partners has 23 team members, including current Chief Financial Officer, Jill W Lampert.

Name

Work History

Title

Status

Jill W Lampert

Chief Financial Officer

Current

Craig S Glick

Senior Managing Director

Current

Tony R Weber

Senior Managing Director

Current

Kenneth A Hersh

Managing Partner

Current

Chris G Carter

Managing Director

Current

Name

Jill W Lampert

Craig S Glick

Tony R Weber

Kenneth A Hersh

Chris G Carter

Work History

Title

Chief Financial Officer

Senior Managing Director

Senior Managing Director

Managing Partner

Managing Director

Status

Current

Current

Current

Current

Current

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