Category Archives: Press Releases

• Rice Energy Announces Acquisition of Vantage Energy

  Posted in Press Releases.

  Canonsburg, Pa (Sept. 26, 2016) – Rice Energy Inc. (NYSE: RICE) (“Rice Energy”) today announced it has entered into a purchase and sale agreement (“PSA”) to acquire Vantage Energy, LLC and Vantage Energy II, LLC (collectively, “Vantage Energy”) for approximately $2.7 billion, including the assumption of debt. In connection with the acquisition, Rice Midstream Partners LP (NYSE: RMP) (“RMP”) will purchase the acquired midstream assets from Rice Energy for $600 million. The transaction is expected to close in the fourth quarter of 2016, subject to customary closing conditions.

  The E&P assets to …

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• Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company

  Posted in Press Releases.

  New York, NY (August 08, 2016)– Riverstone Holdings LLC (“Riverstone”) has announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P. (“Fund V”) and minority partners have agreed to sell Rock Oil Holdings LLC (“Rock Oil” or the “Company”), a Houston- and Denver-based oil and gas company focused in the Permian Basin, to SM Energy Company (NYSE: SM, “SM Energy”), a Denver-based oil and gas company, for $980 million in cash. The transaction is subject to customary closing conditions and is expected …

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• Silver Run Acquisition Corporation to Acquire Controlling Stake in Centennial Resource Production, LLC

  Posted in Press Releases.

  Houston, TX , July 22, 2016 – Silver Run Acquisition Corporation (“Silver Run”) (NASDAQ: SRAQ, SRAQU, SRAQW) today announced that, subject to certain conditions, including approval of the Silver Run stockholders, it has agreed to acquire a controlling interest in Centennial Resource Production, LLC (“Centennial”), an independent oil and natural gas company located in the core of the Southern Delaware Basin. On July 6, 2016, an affiliate of Riverstone Holdings LLC (“Riverstone”) entered into a definitive agreement to purchase an approximate 89% interest in Centennial from funds controlled by, and affiliates of, …

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• Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group

  Posted in Press Releases.

  Houston, Texas (June 28, 2016) -Kinder Morgan, Inc. (NYSE: KMI) announced today that Riverstone Investment Group LLC (Riverstone) will become a 50 percent partner in the Utopia Pipeline Project. To acquire its ownership interest, Riverstone agreed to an upfront cash payment provided at closing, consisting of reimbursement to KMI for its 50 percent share of prior capital expenditures related to the project and a payment in excess of capital expenditures to recognize the value created by KMI in developing the project to this stage.

  In addition to the acquisition of the existing …

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• Wayne Fueling Systems to be Acquired by Dover Corporation

  Posted in Press Releases.

  Austin, Texas (June 9, 2016) – Wayne Fueling Systems (“Wayne”), a global provider of fuel dispensing, payment, automation, and control technologies, majority-owned by funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that Dover Corporation (“Dover”) has entered into a definitive agreement to acquire the Wayne business.
  “Today’s announcement marks an exciting new milestone in our 125-year history,” said Neil Thomas, Wayne CEO. “We believe that combining Wayne’s innovative products and technologies with Dover’s existing retail fueling equipment portfolio will significantly benefit customers around the world. Much has evolved and changed at …

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• 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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