PITTSBURGH, PA (January 18, 2018) – Salt Fork Resources, LLC (“Salt Fork”) is pleased to announce the successful closing of an upsized equity commitment from Riverstone Holdings LLC (“Riverstone”). Salt Fork plans to use the equity commitment to expand its leasing and acquisition efforts and develop its existing acreage position in the core of the Utica Shale.
Salt Fork was formed in March 2017 with an equity commitment from Riverstone and is focused on the acquisition and development of oil and natural gas leases and minerals in Ohio and West Virginia. The …
Continue Reading...DALLAS, TX (January 8, 2018) – Lucid Energy Group (“Lucid”) and its financial sponsor, EnCap Flatrock Midstream, announced today they have entered into a definitive agreement to sell Lucid Energy Group II, LLC (“Lucid II”) to a joint venture controlled by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings LLC (“Riverstone”), and investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. (“Goldman Sachs MBD”) for approximately $1.6 billion in cash. The participating investment funds managed by Goldman Sachs MBD are …
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