Zenergy and Apollo form partnership

Zenergy, Inc. (Zenergy) and funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, Apollo) have formed a partnership to invest in the acquisition and development of upstream and midstream oil and gas properties.

The partnership was formed effective 1^st May, 2014 with total committed capital of US$ 700 million from funds managed by affiliates of Apollo and US$ 55 million from Zenergy, its affiliates and management team. The partnership, Zenergy, LLC, will focus on assets in the Mid-Continent, Texas and Arkansas-Louisiana-Texas regions.

Zenergy Chief Executive Officer and Co-Founder Bob Zinke said, “I am extremely pleased to partner with Apollo given its stellar track record and reputation as one of the world’s leading alternative investment managers. With its depth of operating experience and strength as a capital provider, we believe Apollo is perfectly positioned to help us create a best-in-class entity to tap into the enormous opportunities across the world-class fields in our focus areas.”

Sam Oh, Apollo Private Equity Senior Partner said, “We are extremely delighted to be partnering with such a premier oil and gas firm whose long and proven track record fits with our strategic investment objectives in the lower 48 states.”

Adapted from press release by Hannah Priestley-Eaton

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