Austin and New York (Aug. 13, 2012) – Riverstone Holdings LLC (“Riverstone”) announced today that it has invested in Three Rivers Natural Resource Holdings II LLC (“Three Rivers II”), a new private upstream oil and gas company based in Austin, Texas. With this support, Three Rivers II executed a definitive agreement to acquire certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). These properties include 15,000 net acres with current production of approximately 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, …
Continue Reading...Chicago — Exelon today announced that it has reached an agreement to sell its three
Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new
portfolio company of Riverstone Holdings LLC, fulfilling its commitment to divest the plants as
part of its merger with Constellation. Under the agreement, Raven Power will maintain jobs with
comparable pay and benefits for employees at the plants.…