Category Archives: North America
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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
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Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience … -
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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Fieldwood Energy LLC Announces $625 Million Commitment
Posted in North America, Press Releases.Houston, TX (Dec. 20, 2012) – Fieldwood Energy LLC (“Fieldwood”), a new Houston- based oil and gas company focused on the acquisition and development of conventional oil and gas assets, today announced a $600 million commitment from energy private equity firm Riverstone Holdings LLC (“Riverstone”) alongside a $25 million commitment from Fieldwood management.…
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Exelon Completes Sale of Maryland Coal Plants to Raven Power Holdings LLC
Posted in North America, Press Releases.Chicago (Dec. 3, 2012) — Exelon today announced that it has completed the sale of its three Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new portfolio company of Riverstone Holdings LLC. The sale fulfills Exelon’s commitment to divest the plants as part of its merger with Constellation. Under the agreement announced Aug. 9, 2012, Raven Power will maintain jobs with comparable pay and benefits for employees at the plants.…
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Riverstone Holdings LLC Invests in Three Rivers Natural Resource Holdings II LLC to Acquire Assets in the Permian Basin
Posted in North America, Press Releases.Austin and New York (Aug. 13, 2012) – Riverstone Holdings LLC (“Riverstone”) announced today that it has invested in Three Rivers Natural Resource Holdings II LLC (“Three Rivers II”), a new private upstream oil and gas company based in Austin, Texas. With this support, Three Rivers II executed a definitive agreement to acquire certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). These properties include 15,000 net acres with current production of approximately 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, …
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Agreement delivers on Exelon’s merger commitment to divest plants and preserve jobs
Posted in North America, Press Releases.Chicago — Exelon today announced that it has reached an agreement to sell its three
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Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new
portfolio company of Riverstone Holdings LLC, fulfilling its commitment to divest the plants as
part of its merger with Constellation. Under the agreement, Raven Power will maintain jobs with
comparable pay and benefits for employees at the plants.… -
Riverstone Seals $500 Million Natural Gas Deal
Posted in North America, Press Releases.(July 20, 2012) – Riverstone Holdings will invest up to $500 million in Meritage Midstream Services II, a newly-formed company focused on natural gas gathering, transportation and processing in North America.…
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Riverstone Holdings to Invest up to $500 Million in Meritage Midstream Services II
Posted in North America, Press Releases.New York, NY and Golden, CO (July 18, 2012) – Meritage Midstream Services II LLC (“Meritage II”) announced today that it has partnered with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, to pursue midstream opportunities in North America’s emerging resource plays. Riverstone will provide Meritage II with up to $500 million in private equity capital to focus on developing midstream systems to serve producers of natural gas and natural gas liquids (NGLs).…
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