Category Archives: North America
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Silver Run Acquisition Corporation II Completes its Business Combination with Alta Mesa Holdings, LP and Kingfisher Midstream, LLC and Becomes Alta Mesa Resources, Inc.
Posted in North America, Press Releases.HOUSTON, TX (February 9, 2018) – Silver Run Acquisition Corporation II (“Silver Run II”) (NASDAQ:SRUN)(NASDAQ:SRUNU)(NASDAQ:SRUNW) today announced that it completed its business combination with Alta Mesa Holdings, LP (“Alta Mesa”) and Kingfisher Midstream, LLC (“Kingfisher”). Alta Mesa is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas reserves in the Anadarko Basin. Kingfisher is a company engaged in providing certain midstream energy services, including crude oil and gas gathering, processing and marketing to producers of natural gas, natural gas liquids, crude oil and …
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Salt Fork Resources Announces Successful Upsize Equity Commitment
Posted in North America, Press Releases, Private Equity.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 …
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Lucid Energy Group Agrees to Sell Delaware Basin Subsidiary to Riverstone Holdings LLC and Goldman Sachs Merchant Banking Division for $1.6 Billion
Posted in North America, Press Releases.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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Silver Run Acquisition Corporation II to Merge with Alta Mesa and Kingfisher Midstream to Form a Combined Company Valued at Approximately $3.8 Billion
Posted in North America, Press Releases.HOUSTON, TX (August 16, 2017) – Silver Run Acquisition Corporation II (“Silver Run II”)(NASDAQ: SRUN, SRUNU, SRUNW) today announced that, subject to certain conditions, it has entered into definitive agreements to combine with Alta Mesa Holdings, LP (“Alta Mesa”) and Kingfisher Midstream, LLC (“Kingfisher”). Alta Mesa is an independent exploration and production company with assets located in the STACK play in Oklahoma. Kingfisher is a company engaged in the gathering, processing, and marketing of hydrocarbons in the STACK play (collectively, the “business combination”).
Founded in 1987 by Michael E. Ellis and based …
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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. … Continue Reading... -
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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