Dallas, TX and New York, NY (November 30, 2015) – Riverstone Holdings LLC (“Riverstone”) announced today that Rover Petroleum, LLC (“Rover” or “the Company”), a newly-formed Dallas-based oil and gas company, has received an equity commitment of up to $250 million from funds managed by Riverstone and additional amounts from the Company’s management team.
Rover will pursue a strategy of acquisition and development of conventional oil assets in North America, concentrating on opportunities within the Texas and Oklahoma region. The Company will target mature, underdeveloped oil fields, which it will enhance through …
Continue Reading...Denver, CO, New York, NY and London, UK (10 April 2015) – Meritage Midstream Services III, LP (“Meritage III”), a newly-formed, Denver-based midstream partnership today announced an equity commitment of up to $300 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) to pursue midstream opportunities in Western Canada’s emerging resource plays. The initial Riverstone commitment of $100 million includes $67 million from Riverstone Global Energy and Power Fund VI and $33 million from Riverstone Energy Limited (“REL”).
Meritage III is led by Chairman and CEO Steven B. …
Continue Reading...Austin, TX, New York, NY and London, UK (8 April 2015) – Three Rivers Natural Resource Holdings III LLC (“Three Rivers III” or the “Company”), a newly-formed, Austin-based oil and gas company today announced an equity commitment of up to $500 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) and additional amounts from the Company’s management team. The Riverstone commitment comprises up to $333 million from Riverstone Global Energy and Power Fund VI and up to $167 million from Riverstone Energy Limited (“REL”).
Three Rivers III represents …
Continue Reading...Austin, TX (Mar. 16, 2015) – USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today announced that Alerian will add the Partnership to its Alerian Natural Gas MLP Index (NYSE: ANGI), following the close of business on Friday, March 20. The Alerian Natural Gas MLP Index is an equal-weighted index of natural gas infrastructure MLPs, whose 20 constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and NGLs.
Alerian is an independent provider of MLP and energy infrastructure market intelligence. Its benchmarks and indices …
Continue Reading...Calgary, AB, New York, NY and London, UK (January 21,2015) – Riverstone Holdings (“Riverstone”) today announced that CanEra Inc. (“CanEra III” or “Company”), a newly-formed, Calgary-based oil and gas company, has received an equity commitment of up to approximately C$465 million, including C$225 million from funds managed by Riverstone and additional amounts from NGP Energy Capital Management, LLC and the Company’s management team. Riverstone Energy Limited (“REL”) has committed to fund up to C$75 million of Riverstone’s obligations to CanEra III.
CanEra III represents the third partnership between Riverstone and CanEra III’s …
Continue Reading...New York, NY and London, UK (January 9, 2015) – Riverstone today announced the formation of Riverstone Credit Opportunities, L.P. (“RCO”). RCO is a newly created portfolio company formed to take advantage of the current dislocation in the leveraged capital markets for energy companies. Riverstone has committed $375 million to RCO, which is comprised of up to $250 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $125 million from Riverstone Energy Limited (“REL”).
RCO is being advised by Riverstone’s credit investment team, led by Christopher Abbate …
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