Exhibit
99.1
[LOGO]
Tortoise Capital Resources Corporation
Tortoise
Capital Resources Corp. Invests $20.1 Million in Lonestar Midstream Partners,
LP
FOR
IMMEDIATE RELEASE
OVERLAND
PARK, Kan.– July 30, 2007 – Tortoise Capital Resources Corp. (NYSE:
TTO) today announced that it has invested a total of $20.1 million in common
LP
and GP units of Lonestar Midstream Partners, LP
(“Lonestar”). Tortoise Capital Resources Corp. has committed to
invest an additional $3.8 million by the end of the year.
Headquartered
in Irving, Texas, Lonestar is an independent midstream natural gas services
provider. The company provides gathering, dehydration, compression
and processing services to natural gas producers targeting the Barnett Shale
in
the Fort Worth Basin.
“As
stated in the past, our fund’s focus is to make investments in midstream
companies that are well positioned to deliver future growth for our
shareholders,” said Ed Russell, President of Tortoise Capital Resources
Corp. “We believe Lonestar and its experienced management team presents
this growth opportunity.”
Tortoise
Capital Resources Corp. has invested approximately $144.8 million, including
equity investments of approximately $134 million and debt investments of
approximately $10.8 million.
About
Tortoise Capital Resources Corp.
Tortoise
Capital Resources Corp. invests primarily in privately-held and micro-cap public
companies operating in the midstream and downstream segments, and to a lesser
extent the upstream segment of the U.S. energy infrastructure sector. Tortoise
Capital Resources Corp. seeks to provide stockholders a high level of total
return, with an emphasis on dividends and dividend growth.
About
Tortoise Capital Advisors, LLC
Tortoise
Capital Advisors, LLC, the adviser to Tortoise Capital Resources Corp., is
a
pioneer in the capital markets for master limited partnership (MLP) investment
companies and a leader in closed-end funds and separately managed accounts
focused on the energy sector. As of June 30, 2007, the adviser had approximately
$3.0 billion of energy infrastructure investment assets under
management.
Safe Harbor
Statement
This
press release shall not constitute an offer to sell or a solicitation to buy,
nor shall there be any sale of these securities in any state or jurisdiction
in
which such offer or solicitation or sale would be unlawful prior to registration
or qualification under the laws of such state or jurisdiction.
Contact
information:
Tortoise
Capital Advisors, LLC
Pam
Kearney, Investor Relations, (866) 362-9331,
pkearney@tortoiseadvisors.com
10801
Mastin Boulevard, Suite
222 | Overland
Park, KS 66210 | p:
913.981.1020 | f: 913.981.1021 | www.tortoiseadvisors.com