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APOLLO NATURAL RESOURCES PARTNERS II AND DOUBLE EAGLE DEVELOPMENT ANNOUNCE FORMATION OF DOUBLE EAGLE ENERGY HOLDINGS III

NEW YORK, NY & FORT WORTH, TX – August 21, 2017 – Affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and Double Eagle Development, L.L.C. (“Double Eagle”) announced today that they have expanded their strategic relationship to create Double Eagle Energy Holdings III LLC (“Double Eagle III”). Headquartered in Fort Worth, Texas, Double Eagle III will primarily focus on investing in oil and gas