Tulsa, OK and New York and London (Dec. 13, 2013) – Eagle Energy Exploration, LLC (“Eagle”) announced today an equity commitment of up to $300 million from energy private equity firm Riverstone Holdings LLC (“Riverstone”). The Riverstone commitment comprises up to $200 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $100 million from Riverstone Energy Limited (“REL”). Eagle will pursue oil and gas exploration and production opportunities in the Mid-Continent region of the United States, leveraging its deep operating experience in the region and building on …
Continue Reading...Rotterdam, NL (Nov. 26, 2013) – H.E.S. Beheer N.V. (the “Company“) and Hestya Energy B.V. (“Hestya“) announce that they are in discussions regarding a possible public cash offer, by Hestya or a new entity that is an affiliate of Hestya (the “Possible Offeror“), for all issued and outstanding shares of the Company (the “Possible Public Offer“). Hestya was incorporated and is controlled by investment funds managed or advised by an affiliate of Riverstone Europe LLP (“Riverstone“). HES Beheer has granted exclusivity to …
Continue Reading...Denver, CO and London, UK (Nov. 7, 2013) – Liberty Resources II LLC (“Liberty II” or the “Company”), a newly-formed, Denver-based oil and gas company today announced a $350 million commitment, including $300 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”), $50 million from Oakmont Corporation and additional amounts from the Company’s management team. The Riverstone commitment comprises $200 million from Riverstone Global Energy and Power Fund V (“Fund V”) and $100 million from Riverstone Energy Limited (“REL”).
Riverstone and Liberty II management previously partnered successfully in …
Continue Reading...Houston, TX (Oct. 31, 2013) – Abaco Energy Technologies LLC (“Abaco”), today announced a $200 million commitment from energy private equity firm Riverstone Holdings LLC (“Riverstone”) to acquire, integrate and develop energy manufacturing and service businesses. Abaco is a newly-formed, private, Houston-based company led by Ken Babcock and Roger Rivet, the former CEO and CFO, respectively, of Titan Specialties, Ltd. (“Titan”) and International Logging, Inc. (“ILI”), two companies previously owned by Riverstone affiliated entities.
Abaco will focus primarily on manufacturing and services related to North American drilling, completion and production and associated …
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