Exhibit 99.1

                          NGP Capital Resources Company
                        Announces Declaration of Dividend


     HOUSTON--(BUSINESS  WIRE)--June 16,  2006--NGP  Capital  Resources  Company
(NASDAQ:NGPC)  today  announced  that its  Board of  Directors  has  declared  a
quarterly  dividend to stockholders in the amount of $0.18 per common share. The
dividend  will be paid on July 14,  2006 to  shareholders  of record on June 30,
2006.  The  ex-dividend  date is June 28, 2006. We anticipate  that the dividend
will  be  paid  from  ordinary   income  for  tax   purposes.   The  actual  tax
characteristics  of all dividends  will be reported to each  shareholder on Form
1099 after the end of the year.

     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 is focused principally
on energy  related  private  companies  and  public  companies  not  traded on a
national  exchange.  From time to time,  the  Company  may also  invest in other
public  companies that are traded on a national  exchange.  The Company  invests
primarily in senior  secured and mezzanine  loans in furtherance of its business
plan and may also make 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  may  contain   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 is 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