Category Archives: Press Releases

  • 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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  • 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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  • 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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  • Riverstone Holdings LLC to Commit up to $300 Million to Meritage Midstream Services III, LP

    Posted in Press Releases.

    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. …

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  • Riverstone Holdings LLC invests up to $500 million in Three Rivers III

    Posted in Press Releases.

    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 …

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  • USA Compression to Be Added to Alerian Natural Gas MLP Index

    Posted in Press Releases.

    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 …

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  • Riverstone Holdings and Investor Group to invest up to C$465 Million in CanEra Inc.

    Posted in Press Releases.

    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 …

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  • Riverstone Holdings Announces Formation of Riverstone Credit Opportunities, L.P.

    Posted in Press Releases.

    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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