Houston, TX – April 3, 2017 – Bayou City Energy (“Bayou City”, “BCE”, or the “Firm”) has now raised $946 million since its 2015 inception to be invested in the North American E&P sector. Most recently, the Firm reached its $310 million hard cap and held the final closing of Bayou City Energy II, L.P. (“Fund II”) on March 31, 2017.

William McMullen, BCE Founder and Managing Partner, said: “The appetite for oil and gas investments is spectacular. Investors are looking for attractive entry points and differentiated ways to create value in the E&P space. We are fortunate to have such sophisticated partners that possess a clear understanding of the upstream oil and gas landscape. With the closing of our second fund, we have more dry powder to find and cultivate deals that meet our exhaustive criteria.”

Bayou City makes privately negotiated, control equity investments in the upstream space in the general range of $5 million to $50 million per platform company. The Firm also seeks to make dedicated drilling capital commitments (“Drilling Partnerships”) to leading operators in order to accelerate the development of de-risked locations.

McMullen added: “We want to thank our current and newest investors for their trust and support. We already closed one transaction in Fund II, the purchase of preferred stock in High Mesa, Inc., and look forward to adding additional platform companies and drilling partnerships soon.”

Mark Stoner, BCE Partner, concluded: “We are pleased to have raised our second fund within such a short time period. The capital needs of E&P operators remain heightened in this lower for longer price environment, and BCE is committed to partnering with experienced management teams capable of efficiently deploying capital in both our core strategies, platform companies and drilling partnerships.”

Latham & Watkins LLP served as fund formation counsel. Bayou City did not engage a placement agent in connection with the formation of the fund.

About Bayou City Energy

Bayou City is a private equity firm focused on making investments in the North American upstream oil and gas sector. Bayou City targets privately negotiated investments through two complementary strategies: providing buyout and growth equity capital for operators with current production and identified upside, and partnering with leading operators to provide dedicated drilling capital in off-balance sheet structures. The BCE team, combined with the Firm’s Advisory Board and strategic relationship with Argus Energy Managers, provide operators access to expertise, capital, and trusted partnership.

For more information about Bayou City Energy, please visit www.bayoucityenergy.com