20042004

The Beginning

Kerns acquisition in August creates BlackBrush Oil & Gas, L.P. The new company has $22.5 Million in Equity, $40 Million in Properties and pipelines and 52 employees.

20052005

Fast growth

Returns $26 Million in first year. Company now has $130 Million in properties and pipelines including the Torch Acquisition in Karnes County.

BlackBrush Operations

20062006

Keep Moving

$62 Million in cash, $150 Million in stock, 150 employees. Smart phones and multi-site VPN’s added for field use.

20072007

Teaming Up

BB II Operating L.P. formed in September. New pipeline company, TexStar Midstream Services LP formed in December. $30 Million is invested for continued development.

20082008

staying strong

TexStar forms compression company, acquires large pipeline system and olefin plant. and activates an integral pipeline. 226 Employees, $62 Million in funding for both Companies.

20092009

Meeting the Challenge

After spending $100 Million drilling wells in 2008, BlackBrush works to make existing assets more efficient.

20102010

making smart moves

$12 Million in assets divested, compression company sold. TexStar now valued at $45 Million.

20112011

coming back strong

New equity partners commit $420 Million. $100 Million spent on drilling, $22 Million in acreage acquired.

20122012

gearing up

BlackBrush spends $202 Million on its drilling program. TexStar sells crude system assets for $325 Million. 223 employees on payroll.

BlackBrush BBOG blackbrush-oil-gas-rig

20132013

expanding

Equity partners commit additional $250 Million. BlackBrush spends $195 Million on drilling.

BlackBrush Operations

20142014

becoming the best

ARES buys BlackBrush for $400 Million.