Lime Rock Announces the Promotion of Kris Agarwal to Managing Director

1/25/2013

WESTPORT, Conn., January 25, 2013 — Lime Rock, a private equity firm focused on the global energy sector, today announces the naming of Kris Agarwal, already General Counsel of the firm, as a Managing Director.  Mr. Agarwal joined Lime Rock as its Assistant General Counsel in 2008 and became General Counsel in 2011.  Mr. Agarwal will continue to have senior responsibility for the legal aspects of the fund management, portfolio company negotiation and structuring, and global regulatory compliance efforts of both the Lime Rock Partners and Lime Rock Resources strategies.

Mark McCall, Managing Director and Chief Financial Officer of Lime Rock, said, “Over the past two years as our General Counsel, Kris has established himself as a tireless leader in managing the legal and compliance aspects of our business.  This new title is a well deserved reflection of the leadership Kris has shown throughout the organization.”   John Reynolds, Managing Director and co-founder of Lime Rock, added, “With two investment strategies, a global investment effort, and increasing compliance demands, our business gets more legally complex by the year.  We are fortunate to have Kris guiding us in this important area.”

Before joining Lime Rock in 2008, Mr. Agarwal worked at Vinson & Elkins LLP and Skadden, Arps, Slate, Meagher, and Flom LLP where he focused on corporate and transactional matters, including cross-border transactions and representation of private equity firms and public companies in connection with public and private acquisitions, divestitures, and investment transactions. He is a graduate of Texas A&M University (B.B.A, MBA) and Southern Methodist University (J.D.).

Established in 1998, Lime Rock manages over $5.0 billion of private capital for investment in the energy industry through Lime Rock Partners, investors of growth capital in energy companies worldwide, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States.   With $4.0 billion under management, Lime Rock Partners is a creative investment partner in building differentiated oil and gas businesses, side by side, with entrepreneurs every day.  From five locations on three continents, the Lime Rock Partners team has helped build high-growth E&P, service, manufacturing, and technology companies. To each investment, the Lime Rock Partners team brings its specialist finance and operating expertise, global presence, technology leadership, people-centered strategies, and patient hard work to help its investors and portfolio company partners profit from operational growth.  With over $1.1 billion under management, the Houston-based Lime Rock Resources team acquires, operates, and improves producing oil and gas properties in the United States.  The Lime Rock Resources team also manages LRR Energy (NYSE: LRE).  For more information, please visit www.lrpartners.com and www.limerockresources.com.

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