Monthly Archives: January 2017

  • Silver Run Acquisition Corporation Completes its Acquisition of an 89% Controlling Interest in Centennial Resource Production, LLC

    Posted in Press Releases.

    Houston, TX (October 11, 2016) – Silver Run Acquisition Corporation (“Silver Run”) (NASDAQ: SRAQ, SRAQU, SRAQW) today announced that it completed its acquisition of an 89% controlling interest in Centennial Resource Production, LLC (“CRP”), an independent oil and natural gas company with properties located in the core of the Southern Delaware Basin, from funds controlled by, and affiliates of, NGP Energy Capital Management, LLC (together, “NGP”). The transaction was approved by the boards of directors of both companies and was approved at a special meeting of Silver Run’s stockholders on October 7, …

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  • Rice Energy Announces Acquisition of Vantage Energy

    Posted in Press Releases.

    Canonsburg, Pa (Sept. 26, 2016) – Rice Energy Inc. (NYSE: RICE) (“Rice Energy”) today announced it has entered into a purchase and sale agreement (“PSA”) to acquire Vantage Energy, LLC and Vantage Energy II, LLC (collectively, “Vantage Energy”) for approximately $2.7 billion, including the assumption of debt. In connection with the acquisition, Rice Midstream Partners LP (NYSE: RMP) (“RMP”) will purchase the acquired midstream assets from Rice Energy for $600 million. The transaction is expected to close in the fourth quarter of 2016, subject to customary closing conditions.

    The E&P assets to …

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  • Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company

    Posted in Press Releases.

    New York, NY (August 08, 2016)– Riverstone Holdings LLC (“Riverstone”) has announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P. (“Fund V”) and minority partners have agreed to sell Rock Oil Holdings LLC (“Rock Oil” or the “Company”), a Houston- and Denver-based oil and gas company focused in the Permian Basin, to SM Energy Company (NYSE: SM, “SM Energy”), a Denver-based oil and gas company, for $980 million in cash. The transaction is subject to customary closing conditions and is expected …

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  • Silver Run Acquisition Corporation to Acquire Controlling Stake in Centennial Resource Production, LLC

    Posted in Press Releases.

    Houston, TX , July 22, 2016 – Silver Run Acquisition Corporation (“Silver Run”) (NASDAQ: SRAQ, SRAQU, SRAQW) today announced that, subject to certain conditions, including approval of the Silver Run stockholders, it has agreed to acquire a controlling interest in Centennial Resource Production, LLC (“Centennial”), an independent oil and natural gas company located in the core of the Southern Delaware Basin. On July 6, 2016, an affiliate of Riverstone Holdings LLC (“Riverstone”) entered into a definitive agreement to purchase an approximate 89% interest in Centennial from funds controlled by, and affiliates of, …

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  • Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group

    Posted in Press Releases.

    Houston, Texas (June 28, 2016) -Kinder Morgan, Inc. (NYSE: KMI) announced today that Riverstone Investment Group LLC (Riverstone) will become a 50 percent partner in the Utopia Pipeline Project. To acquire its ownership interest, Riverstone agreed to an upfront cash payment provided at closing, consisting of reimbursement to KMI for its 50 percent share of prior capital expenditures related to the project and a payment in excess of capital expenditures to recognize the value created by KMI in developing the project to this stage.

    In addition to the acquisition of the existing …

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  • Wayne Fueling Systems to be Acquired by Dover Corporation

    Posted in Press Releases.

    Austin, Texas (June 9, 2016) – Wayne Fueling Systems (“Wayne”), a global provider of fuel dispensing, payment, automation, and control technologies, majority-owned by funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that Dover Corporation (“Dover”) has entered into a definitive agreement to acquire the Wayne business.
    “Today’s announcement marks an exciting new milestone in our 125-year history,” said Neil Thomas, Wayne CEO. “We believe that combining Wayne’s innovative products and technologies with Dover’s existing retail fueling equipment portfolio will significantly benefit customers around the world. Much has evolved and changed at …

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  • WSJ | Oil Wildcatters Head for Mexico

    Posted in In the News, North America. …
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  • WPX Increases Delaware Basin Inventory with Bolt-On Acquisition

    Posted in Press Releases.

    Tulsa, OK (January 12, 2017) –WPX Energy (NYSE: WPX) announced today that it has agreed to acquire assets that would increase its Permian operations to more than 120,000 net acres and deepen its drilling inventory of top-tier Delaware locations while enhancing key financial metrics and margin expansion.

    The acquisition includes approximately 6,500 Boe/d (55% oil) of existing production from 23 producing wells (17 horizontals), two drilled but uncompleted horizontal laterals, 18,100 net acres in Reeves, Loving, Ward and Winkler counties in Texas and 920 gross undeveloped locations in the geologic sweet spot …

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