Exhibit 99.1


          NGP Capital Resources Company Announces Portfolio Investment


     HOUSTON--(BUSINESS WIRE)--Jan. 23, 2006--NGP Capital Resources Company
(Nasdaq:NGPC):

     Update on Investment Activity

     NGP Capital Resources Company (Nasdaq:NGPC) today announced that it has
closed a $16.9 million Senior Secured Credit Facility (the "Facility") with
Piceance Basin Properties, LLC (the "Company"), a Houston, Texas-based developer
of Rocky Mountain region oil and gas properties. Initial availability under the
Facility is $16.9 million.
     The Facility is structured as a five year multiple-advance term loan and
has an effective annual coupon of 12%. The Facility is secured by substantially
all of the Company's properties in the Piceance Basin. Additionally, as partial
consideration for providing the Facility, NGPC made a $0.1 million equity
commitment and received a warrant position in the Company.
     Proceeds of the Facility will be used by the Company to develop oil and gas
assets located primarily in the state of Colorado. The initial funding under the
Facility totaled approximately $3 million.
     Including this investment, NGPC has investments in 7 portfolio companies,
with current commitments available for funding of approximately $115 million,
with approximately $98 million currently outstanding.

     About NGP Capital Resources Company

     NGP Capital Resources Company is a closed-end investment company that has
elected to be treated as a business development company under the Investment
Company Act of 1940. The Company's investment portfolio will be principally in
energy related private companies. From time to time, the Company may also invest
in public companies that are not thinly traded. The Company expects to invest
primarily in senior secured and mezzanine loans in furtherance of its business
plan and may receive equity investments in portfolio companies in connection
with such investments. NGP Capital Resources Company is managed by NGP
Investment Advisor, LP, an affiliate of NGP Energy Capital Management. NGP
Energy Capital Management, based in Irving, Texas, is a leading investment firm
with over $3.6 billion of cumulative capital under management since inception,
serving all sectors of the energy industry.
     This press release contains forward-looking statements. These
forward-looking statements are subject to various risks and uncertainties, which
could cause actual results and conditions to differ materially from those
projected, including the uncertainties associated with the timing of transaction
closings, changes in interest rates, availability of transactions, the future
operating results of our portfolio companies, changes in regional, national, or
international economic conditions and their impact on the industries in which we
invest, or changes in the conditions of the industries in which we invest, and
other factors enumerated in our filings with the Securities and Exchange
Commission.
     We may use words such as "anticipates," "believes," "expects," "intends,"
"will," "should," "may" and similar expressions to identify forward-looking
statements. Undue reliance should not be placed on such forward-looking
statements as such statements speak only as of the date on which they are made.
We do not undertake to update our forward-looking statements unless required by
law.
     Persons considering an investment in NGP Capital Resources Company should
consider the investment objectives, risks, and charges and expenses of the
company carefully before investing. Such information and other information about
the company will be available in our annual report on Form 10-K, in our
quarterly reports on Form 10-Q and in prospectuses we issue from time to time in
connection with our offering of securities. Such materials are filed with the
SEC and copies are available on the SEC's website, www.sec.gov. Prospective
investors should read such materials carefully before investing.


     CONTACT: NGP Capital Resources Company, Houston
              Steve Gardner, 713-752-0062
              investor_relations@ngpcrc.com