Vine Oil & Gas LP Announces Pricing of $530 Million Private Offering of Senior Unsecured Notes due 2023

October 16, 2017

PLANO, Texas–(BUSINESS WIRE)–Vine Oil & Gas LP (“Vine”) and Vine’s wholly owned subsidiary, Vine Oil
& Gas Finance Corp., announces the October 13, 2017 pricing of the
previously announced private offering of $530 million in aggregate
principal amount (the “Notes Offering”) of senior unsecured notes due
2023 (the “2023 Notes”). The 2023 Notes will mature on April 15, 2023
and will pay interest at an annual rate of 8.75%.

The Notes Offering is expected to close October 18, 2017, subject to
customary closing conditions. Vine intends to use a portion of the net
proceeds of the Notes Offering to repay in full and terminate its
existing Term Loan C, and the remainder of the net proceeds will be used
to pay down borrowings under its Term Loan B and revolving credit
facility.

The securities to be offered in the Notes Offering have not been
registered under the Securities Act of 1933, as amended (the “Securities
Act”), or any state securities laws and, unless so registered, may not
be offered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. Vine plans
to offer and sell the securities only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and to non-U.S. persons
in transactions outside the United States pursuant to Regulation S under
the Securities Act.

This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.

Forward-Looking Statements

The information in this news release includes “forward-looking
statements.” All statements, other than statements of historical fact
included in this news release, regarding our strategy, future
operations, financial position, estimated revenue and losses, projected
costs, prospects, plans and objectives of management are forward-looking
statements. When used in this news release, the words “could,”
“believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and
similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such identifying
words. These forward-looking statements are based on our current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of future
events. These forward-looking statements are based on management’s
current belief, based on currently available information, as to the
outcome and timing of future events. We caution you that these
forward-looking statements are subject to all of the risks and
uncertainties, most of which are difficult to predict and many of which
are beyond our control, incident to the exploration for and development,
production and sale of natural gas. These risks include, but are not
limited to, commodity price volatility, lack of availability of drilling
and production equipment and services, environmental risks, drilling and
other operating risks, regulatory changes, the uncertainty inherent in
estimating natural gas reserves and in projecting future rates of
production, cash flow and access to capital, the timing of development
expenditures, and the other risks.