Bear Tracker Energy, LLC Announces $200 Million Equity Commitment from GSO Capital Partners LP and Company Management

DENVER, July 6, 2010 – Bear Tracker Energy, LLC, a midstream oil and natural gas company formed in 2009 by industry veteran Robert J. Clark, announced today that funds managed by GSO Capital Partners LP, a division of The Blackstone Group L.P. (NYSE: BX), along with Bear Tracker’s existing management, are committing up to $200 million in equity capital to pursue the development of North American midstream assets.

“I am pleased to announce the commitment to Bear Tracker from GSO,” stated Bob Clark, CEO and Founder of Bear Tracker. “GSO is a top tier energy investor, and we look forward to having them as a partner.  Their commitment will provide the financial support essential to enable Bear Tracker to develop crucial midstream infrastructure needed by producers in developing areas throughout the United States.”

“We are delighted to have the opportunity to invest with Bob Clark and the Bear Tracker team,” stated Dwight Scott, Senior Managing Director of GSO.  “The aggressive development of new producing regions continues to provide excellent midstream development opportunities that are perfectly suited to the skills and knowledge of the Bear Tracker team.”

Beatty & Wozniak P.C. served as legal counsel to Bear Tracker.  Vinson & Elkins LLP served as legal counsel to GSO.

About Bear Tracker Energy

Bear Tracker Energy LLC, headquartered in Denver, CO, is a full service midstream oil and natural gas company with expertise in gathering, processing, compression, treating, fractionation, and marketing.  Bear Tracker’s management team has successfully grown multiple midstream businesses and has a proven track record of providing innovative and cost-effective energy solutions for oil and natural gas producers.  For more information, please visit or contact Robin Machholz at 303-626-8254.

About The Blackstone Group and GSO Capital Partners

Blackstone is one of the world’s leading investment and advisory firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, the companies it advises and the broader global economy. The firm does this through the commitment of its extraordinary people and flexible capital. GSO Capital Partners LP, with $24.3 billion of assets under management as of March 31, 2010, is one of the largest credit-oriented alternative asset managers in the world. GSO seeks to generate superior risk-adjusted returns by investing in a broad array of public and private instruments across multiple investment strategies. Key areas of focus include mezzanine, credit hedge funds, leveraged loans and other special situation strategies. Blackstone’s other alternative asset management businesses include the management of private equity funds, real estate funds, funds of hedge funds, and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. Further information is available at