Category Archives: North America

  • Riverstone Holdings and JOG Capital Lead C$305 Million Financing Round for Vesta Energy

    Posted in North America, Press Releases.

    Calgary, AB and New York, NY (May 17, 2017) – Vesta Energy Corp. (“Vesta” or the “Company”) today announced it has entered into definitive agreements with respect to a C$295 million equity financing round (the ”Transaction”) priced at C$4.50/share, co-led by energy private equity firms Riverstone Holdings LLC (“Riverstone”) and JOG Capital (“JOG”). Other investors in the round include certain funds managed by JOG and the Vesta management team. In conjunction with the investments by Riverstone and JOG, Vesta has announced a private placement offering of up to C$10 million to existing …

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  • Silver Run Acquisition Corporation II Completes $1.035 Billion Initial Public Offering

    Posted in North America, Press Releases.

    Houston, TX (March 29, 2017) – Silver Run Acquisition Corporation II (the “Company”), an energy-focused special purpose entity sponsored by an affiliate of Riverstone Holdings LLC and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 103,500,000 units, which includes 13,500,000 units issued pursuant to the exercise by the underwriters of their over allotment option. The offering was priced at $10.00 per unit, resulting in …

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  • Silver Run Acquisition Corporation II Announces Pricing of $900,000,000 Initial Public Offering

    Posted in North America, Press Releases.

    Houston, TX (March 23, 2017) – Silver Run Acquisition Corporation II (the “Company”), an energy-focused special purpose acquisition entity sponsored by an affiliate of Riverstone Holdings LLC and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 90,000,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market and trade under the ticker symbol “SRUNU” beginning March …

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  • Pine Brook and Riverstone Co-Lead $600 Million Line of Equity Investment for Admiral Permian Resources, LLC

    Posted in North America, Press Releases.

    New York, NY and Midland, TX (March 9, 2017) — Admiral Permian Resources, LLC, (“Admiral” or “the Company”) today announced it has secured a $600 million line of equity investment coled by Pine Brook and Riverstone Holdings (“Riverstone”). Admiral is a newly-formed exploration and production (“E&P”) company focused on the acquisition and development of oil and gas properties in the Permian Basin.

    Headquartered in Midland, Texas, Admiral is led by Chief Executive Officer Denzil West, former President and Chief Operating Officer of Reliance Energy, which sold the majority of its upstream assets …

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  • WSJ | Oil Wildcatters Head for Mexico

    Posted in In the News, North America. …
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  • Riverstone Holdings LLC to Commit up to $250 Million to Rover Petroleum, LLC

    Posted in North America, Press Releases.

    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 …

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  • Sierra Oil & Gas Announces Commitment of US$525 Million

    Posted in North America, Press Releases.

    Mexico City, Mexico (September 18, 2014) – Sierra Oil & Gas S. de R.L. de C.V. (“Sierra”), Mexico’s first independent exploration and production (“E&P”) company, today announces that  it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record of leadership in energy organizations including Statoil, BP, OPEC and Energy Intelligence. Mr
    Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience …

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  • Liberty Resources II LLC Announces $350 Million Commitment Led by Riverstone

    Posted in Europe, North America, Press Releases.

    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 …

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  • Riverstone Holdings LLC Commits $200 Million to Launch Houston-Based Abaco Energy Technologies LLC

    Posted in North America.

    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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  • Riverstone Holdings LLC to Invest Up to $300M in Carrier Energy Partners, LLC

    Posted in North America, Press Releases.

    Houston and New York (Oct. 10, 2013) – Riverstone Holdings LLC (“Riverstone”) announced that it has committed to invest up to $300 million in Carrier Energy Partners, LLC (“Carrier”). With offices in Sugar Land, Texas, Carrier is focused on the acquisition and exploitation of upstream oil and gas assets. Its primary objective is to partner with select operators that are developing both unconventional and conventional reservoirs in North America.

    Carrier is led by its President and CEO, Mark Clemans, a professional engineer with over 25 years of experience in technical and financial …

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