Tag Archives: Riverstone
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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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