Crestwood Midstream Partners LLC Announces the Addition of Industry Veterans to Partnership

HOUSTON--(Business Wire)--
Crestwood Midstream Partners LLC (Crestwood), a portfolio company
of Kayne Anderson Energy Funds ("Kayne Anderson"), today announced
that Brad Graves and Joel Moxley have joined the firm as partners.
Crestwood, a private midstream company based in Houston, Texas, was
formed in November 2007 by Bob Phillips and Kayne Anderson to pursue
the acquisition and development of North American midstream assets.

"I am proud to announce that Brad and Joel have joined Crestwood
as they bring years of midstream experience to our group," stated Bob
Phillips, president and CEO of Crestwood. "We are fortunate to attract
these industry veterans to the private equity side of the business and
look forward to expanding our focus to include crude oil and natural
gas liquids based upon the experience of our new partners." Danny
Weingeist, Senior Managing Director of Kayne Anderson, added, "Brad
and Joel will complement the existing Crestwood team and we are
pleased to support the broader opportunities that Crestwood is now
developing. This is an opportune time to be investing in the midstream
area."

Brad Graves was recently Executive Vice President of Business
Development at Genesis Energy, L.P., and previously worked with Mr.
Phillips at Enterprise Products Partners, GulfTerra Energy Partners
and El Paso Corp. where he was responsible for offshore and crude oil
pipeline activities. Joel Moxley joins Crestwood from Crosstex Energy
Services, L.P. where he was Senior Vice President in charge of gas
processing, fractionation and natural gas liquids marketing. He worked
with Mr. Phillips at Enterprise and El Paso and had previous
experience at PG&E Gas Transmission Texas, Valero Energy and Oxy USA.

Graves and Moxley join the existing Crestwood team which includes
Phillips, former CEO of Enterprise and GulfTerra, Keith Forman, former
SVP Finance at El Paso and CFO of GulfTerra, Terry Morrison, former VP
Gas Marketing for FPL Group, and Neel Pinge, a former banker with
Union Bank of California.

Established in 1998, Kayne Anderson Energy Funds manages $1.85
billion of capital for investment in the energy industry. With offices
in Houston, Texas and Los Angeles, California, Kayne Anderson Energy
Funds invests private capital in high-growth midstream, exploration
and production and oilfield services companies. For more information,
please visit www.kayneenergy.com or contact either Danny Weingeist at
713-655-7351 or Bob Sinnott at 310-284-5508.

Crestwood Midstream Partners LLC
Danny Weingeist, 713-655-7351
or
Bob Sinnott, 310-284-5508

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