Monthly Archives: December 2016

  • Centennial Resource Development Announces Closing of Southern Delaware Basin Acquisition and $910 Million Private Placement of Equity and Increases Borrowing Base

    Posted in Press Releases.

    Denver, CO (December 29, 2016) – Centennial Resource Development, Inc. together with its affiliates (“CDEV”, “Centennial” or the “Company”) (NASDAQ: CDEV, CDEVW), announced today that it has closed the previously announced acquisition of leasehold interests and related upstream assets in Reeves County from Silverback Exploration, LLC (“Silverback”) for a purchase price of approximately $855 million, subject to customary post-closing adjustments.

    Centennial also announced today that it has closed the previously announced private placement of equity securities with certain accredited investors, including Riverstone Holdings LLC and affiliated funds (collectively, “Riverstone”), for total gross …

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  • Talen Energy Transaction Closing

    Posted in Press Releases.

    Allentown, PA (December 6, 2016 ) — Talen Energy Corporation (NYSE: TLN), a competitive energy and power generation company that owns or controls 16,000 megawatts of capacity in eight states, today reported the completion of its merger with an affiliate of Riverstone Holdings LLC, which was initially announced on June 3, 2016. Talen Energy Corporation common stock ceased trading on the New York Stock Exchange before the commencement of trading on December 6, 2016 and will be delisted from the NYSE.

    Under the terms of the merger agreement, which was adopted by …

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  • Avant Energy Announces Investment Of Up To $300 Million From Riverstone Holdings

    Posted in Press Releases.

    Mexico City, Mexico (December 5, 2016) – Avant Energy S. de R.L. de C.V. (“Avant Energy” or “the Company”) a newly-established Mexican energy company, today announced that Riverstone Holdings, an energy and power-focused private investment firm, has agreed to an initial line-of-equity investment of $150 million in the Company, which can be increased to $300 million once this initial capital has been invested. Avant Energy executives have also made additional capital commitments for undisclosed amounts.

    With offices in Mexico City, Monterrey and Houston, Avant Energy will focus on the development, construction and …

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