PRESS RELEASES

• EagleClaw Midstream, Blackstone Energy Partners, and I Squared Capital Announce the Formation of a Leading Delaware Basin Midstream Partnership and the Concurrent Acquisitions of Caprock Midstream and Pinnacle Midstream by EagleClaw

  EagleClaw Midstream (“EagleClaw” or the “Company”), funds managed by Blackstone Energy Partners (“Blackstone”), and I Squared Capital announced today that the parties have executed and concurrently closed binding agreements pursuant to which I Squared Capital has committed over $500 million of cash and contributed its Delaware Basin midstream portfolio company, Pinnacle Midstream, and become a partner in BCP Raptor Holdco, the parent company for EagleClaw.

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