WildHorse Resource Development Corp.
Description
WildHorse received notice today that Natural Gas Partners, which is one of three investment funds managed by NGP Energy Capital Management LLC that are the largest stockholders of WRD, has recently distributed approximately 12 million shares to its limited partners in NGP IX.
Following the distribution, investment funds managed by NGP continue as WRD’s largest stockholder, and own approximately 59.5 million shares, or 58.8% of outstanding WRD common shares. Pursuant to NGP’s notice, NGP Natural Resources X and NGP Natural Resources XI, which are the two remaining investment funds managed by NGP that own WRD shares, have no current intention of selling or distributing their respective shares of WRD.