of Vantage Energy from 2006 to 2016. He is currently on the board of directors of Bonanza Creek Energy and served as CFO of Bill Barrett Corporation prior to Vantage Energy. The Apollo funds, including Apollo Investment Fund VIII and Apollo Natural Resources Partners II, have committed to invest up to an aggregate of $850 million in Northwoods. Mr. Tyree said, “Northwoods is excited to be working with Apollo to build a leading Powder River Basin-focused independent E&P business. We believe the basin has some of the best geology of any play in the Lower 48 and that Northwoods has a tremendous opportunity to develop this highly contiguous, core acreage position.” Geoff Strong, Senior Partner at Apollo, said, “We look forward to working with Tom as Northwoods seeks to become a best-in-class Powder River Basin operator. Northwoods’ acreage position creates a solid foundation from which the Company can build significant scale in the region.” Tudor, Pickering, Holt & Co. advised the buyer. Vinson & Elkins acted as legal advisor to the buyer. About Northwoods Energy LLC
Northwoods Energy LLC is an upstream oil & gas company based in Denver, CO and focused on the Powder River Basin. Northwoods is backed by investment funds affiliated with Apollo Global Management and the Northwoods management team, and is led by Chairman and Chief Executive Officer Tom Tyree. About Apollo Global Management, LLC
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $242 billion as of September 30, 2017 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. Apollo’s team has extensive experience investing in the Natural Resources industry and, since 2001, certain of Apollo’s flagship private equity funds, have invested or committed to invest approximately $12.2 billion in 34 natural resources-related opportunities (as of September 30, 2017). Greg Beard, Apollo’s Head of Natural Resources, leads a team of approximately 20 private equity professionals focused on identifying value-oriented corporate carve-outs, asset acquisitions/build-ups and distressed investments across the energy and metals and mining markets globally. For more information about Apollo, please visit www.agm.com.