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Riverstone Holdings LLC and Kaiser Midstream to Invest up to $500 Million in Sage Midstream, LLC
Posted in Natural Gas, Press Releases.Houston, New York, Tulsa (Sept. 5, 2012) – Sage Midstream, LLC (“Sage”) announced today that it has partnered with investment funds affiliated with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, and Kaiser Midstream (“Kaiser”), an oil and gas midstream services company owned by George B. Kaiser, to form a new company with up to $500 million of equity commitments. Sage will pursue natural gas liquids (“NGL”) related midstream opportunities in North America’s liquids-rich production plays.…
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