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Lucid Energy Group Hires Industry Veteran Brian T. Raber as Chief Operating Officer

DALLAS–(BUSINESS WIRE)–Lucid
Energy Group
(“Lucid”) today announced that the company has hired
industry veteran Brian T. Raber as Senior Vice President and Chief
Operating Officer. Lucid is the largest privately held natural gas
processor in the Delaware Basin and provides a full range of midstream
services to more than 50 customers in Southeast New Mexico and West
Texas.


Mr. Raber brings to Lucid more than 25 years of experience in the
midstream sector of the energy industry. He has held senior leadership
positions at leading midstream companies as well as engineering and
project management roles for major engineering, procurement and
construction firms. Over the course of his career, Mr. Raber has
developed a deep understanding of the nation’s major shale plays.

“We are very pleased that Brian Raber has joined our team,” said Lucid
CEO Mike Latchem. “He brings vast experience overseeing major capital
projects. Brian’s experience will be immediately accretive to Lucid and
he will play a key role in the further development and expansion of our
assets. His leadership skills and project management style will add
significant value to Lucid as we execute our long-term strategic growth
plans in the Delaware Basin.”

“I am humbled and excited to join the dominant private midstream player
in the Delaware Basin,” said Mr. Raber. “Lucid’s financial strength,
outstanding producer relationships and rapidly expanding operations mean
that we are uniquely positioned for continued success, both near-term
and long-term. I look forward to making a meaningful contribution by
continuing to ensure the timely and cost-effective buildout of new
facilities and safe, reliable operations that meet the needs of our
customers.”

Before joining Lucid, Mr. Raber served as senior vice president,
engineering and project management for Summit Midstream Partners, LLC
(“Summit”). During his time at Summit, Mr. Raber implemented new
procedures that resulted in on-time, on-budget project execution across
seven active shale basins. He also played a key role in the expansion of
Summit’s footprint into the northern Delaware Basin. Prior to Summit,
Mr. Raber held senior management roles in operations and engineering at
Century Midstream LLC, NiSource Midstream Services LLC, Hoover Energy
Partners LP and Enterprise Products Partners LP. Mr. Raber’s experience
spans greenfield systems design and construction, gas processing as well
as sour gas treating and sequestration, and midstream operations. Mr.
Raber holds a Bachelor of Science degree in chemistry from Oral Roberts
University and earned a Master of Science degree in electrical
engineering from Oklahoma State University.

About Lucid Energy Group

Lucid Energy Group is the largest privately held natural gas processor
in the Delaware Basin, providing the full range of gas midstream
services to more than 50 customers in New Mexico and West Texas. Lucid
is supported by growth capital commitments from a joint venture formed
by Riverstone Global Energy and Power Fund VI, L.P., an investment fund
managed by Riverstone
Holdings LLC
(“Riverstone”), and investment funds managed by the
Merchant Banking Division of The Goldman
Sachs Group Inc.
(“Goldman Sachs MBD”). Please visit www.lucid-energy.com
for more information.

About Riverstone Holdings LLC

Riverstone Holdings LLC is an energy and power-focused private
investment firm founded in 2000 by David M. Leuschen and Pierre F.
Lapeyre, Jr. with approximately $39 billion of capital raised.
Riverstone conducts buyout and growth capital investments in the
exploration & production, midstream, oilfield services, power and
renewable sectors of the energy industry. With offices in New York,
London, Houston and Mexico City, Riverstone has committed over $37
billion to more than 160 investments in North America, Latin America,
Europe, Africa, Asia and Australia. Visit www.riverstonellc.com for
more information.

About Goldman Sachs Merchant Banking Division

Founded in 1869, The Goldman Sachs Group, Inc. is a leading global
investment banking, securities and investment management firm. Goldman
Sachs Merchant Banking Division is the primary center for the firm’s
long-term principal investing activity. With nine offices across seven
countries, Goldman Sachs MBD is one of the leading private capital
investors in the world with equity and credit investments across
corporate, real estate, and infrastructure strategies. Since 1986, the
group has raised approximately $183 billion of levered capital across a
number of geographies, industries and transaction types.

Contacts

Media Contact:
Casey Nikoloric
TEN |10 Group
303.433.4397,
x101 o
303.507.0510 m
[email protected]