CORRECTING and REPLACING Ridgemont Equity Partners and Hatch Resources Form Partnership to Invest in Oil and Gas Assets in the Permian Basin

CHARLOTTE, N.C. & AUSTIN, Texas–(BUSINESS WIRE)–Headline of release dated January 29, 2019 should read: Ridgemont Equity
Partners and Hatch Resources…(instead of: Ridgemont Equity Parnters
and Hatch Resources…)

The corrected release reads:

RIDGEMONT EQUITY PARTNERS AND HATCH RESOURCES FORM PARTNERSHIP TO
INVEST IN OIL AND GAS ASSETS IN THE PERMIAN BASIN

Hatch Resources (“Hatch”), a newly formed oil and gas exploration and
production company based in Austin, TX, and Ridgemont Equity Partners, a
middle market buyout and growth equity firm, today announced a
partnership to pursue the acquisition of oil and gas assets in the
Permian Basin. Hatch was formed by a senior team with extensive
sub-surface, land and business development experience in the Permian
Basin. The Hatch management team is led by James Murchison, Chief
Executive Officer; Tripp McCullar, Vice President – Land; Paul Fears,
Vice President – Geology; and Ty Lerche, Director of Finance. The team
has been directly involved in acquiring approximately $4 billion in oil
and gas assets over the past three years. Prior to founding Hatch, the
management team served in various roles at Venado Oil & Gas, Black Oak,
Carrizo Oil & Gas, and Callon Petroleum.

Hatch Resources CEO James Murchison said, “We could not be more excited
about building a long-term partnership with Ridgemont that has a track
record of generating exceptional returns on its oil and gas investments.
Both Hatch and Ridgemont share a deep-rooted focus on making disciplined
investments in the Permian Basin targeting attractive rates of return.”

“We are excited to partner with Hatch. Under Jimmy’s leadership and with
this team’s highly talented professionals, we believe Hatch can deliver
attractive returns,” said Cay Freihofer, Principal of Ridgemont.

“The Permian Basin has been a bright spot in a largely difficult oil and
gas investing environment. We believe the Hatch team possesses the right
skills and experiences to capitalize now on the large opportunity set in
this area,” said John Shimp, Partner of Ridgemont.

ABOUT RIDGEMONT EQUITY PARTNERS

Ridgemont Equity Partners is a Charlotte-based middle market buyout and
growth equity investor. Since 1993, the principals of Ridgemont have
invested approximately $4.4 billion. The firm focuses on equity
investments up to $250 million in industries in which it has deep
expertise, including business and industrial services, energy,
healthcare, and technology and telecommunications. www.ridgemontep.com

Contacts

Ridgemont Equity Partners
Kelly Lineberger, 704-944-0935
[email protected]

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