Riverstone, EnCap invest $225m each in Mexican oil and gas company

Riverstone Holdings and EnCap Investments have each committed $225 million to Sierra Oil & Gas S. de R.L. de C.V., a Mexican exploration and production company. Infraestructura Institucional, a Mexican infrastructure private equity firm, committed $75 million to the company. All three investors have the option to double their existing commitments once initial equity has been deployed.


Carlyle and Riverstone to sell Quorum to Silver Lake

Carlyle and Riverstone said Monday that they have agreed to sell Quorum Business Solutions to Silver Lake Partners and Silver Lake Kraftwerk. No financial terms were disclosed. Based in Houston, Quorum is a a provider of business and IT solutions for the oil, gas and renewable energy sector.


Riverstone forms energy credit team

Riverstone Holdings has formed a team of energy-focused leveraged finance professionals to lead the firm’s expansion into credit and capital markets activities. The team includes Christopher Abbate, former managing director and head of energy leveraged finance at Citigroup; Jamie Brodsky and Daniel Flannery, who both join Riverstone from Nomura Securities International. All three also worked together on the energy leveraged finance team at UBS.


Riverstone-backed Trailstone buys USOR

TrailStone, which is backed by Riverstone, said Monday that it has acquired U.S. Oil and Refining Co. No financial terms were disclosed. Deutsche Bank Securities advised USOR on the transaction. USOR operates a refinery in Washington state and provides petroleum products to the Puget Sound area.

Liberty Resources II gets $350m

Liberty Resources II, a newly-formed, Denver-based oil and gas company has secured a $350 million commitment, including $300 million from Riverstone Holdings, $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 and $100 million from Riverstone Energy Limited.

Fieldwood Energy closes Gulf of Mexico Shelf acquisition

Fieldwood Energy, a portfolio company of Riverstone Holdings has closed its acquisition of Apache Corporation’s Gulf of Mexico Shelf business for $3.75 billion, based on an effective date of July 1, 2013. The acquisition establishes Fieldwood as the owner of the largest operated asset base on the Gulf of Mexico Shelf with a leasehold comprising greater than 500 blocks and net production of approximately 100,000 boepd, which is 55% oil.

Pattern Energy Group prices IPO

Pattern Energy Group has priced its initial public offering of 16,000,000 shares of its Class A common stock at US$22.00 per share. Private equity firm Riverstone Holdings is a backer of the business.

Leon Black of Apollo by Fred Prouser of Reuters

Exclusive: Apollo’s EP Energy Eyes IPO — Sources

(Reuters) – EP Energy LLC, the oil and gas company bought just last year by a private equity consortium led by Apollo Global Management LLC for $7.15 billion, is working with investment banks to prepare for an IPO as soon as this year, three people familiar with the matter said on Monday.


Trilantic, Riverstone Invest in Trail Ridge Energy Partners II

Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II. Financial terms weren’t announced. Trail Ridge is a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas.  Stifel Nicolaus advised Trail Ridge in regards to financing.

Riverstone to Acquire Utex

Riverstone Holdings is to acquire Utex from investment funds affiliated with Rhône Capital. Financial terms of the transaction were not disclosed.

Talos Buys Energy Resource Technology

Talos Energy said Wednesday it has closed its buy of Energy Resource Technology GOM, the oil and gas subsidiary of Helix Energy Solutions Group.The deal was valued at $620 million. Talos is backed by Apollo Global Management and Riverstone Holdings.

Riverstone to Back Meritage Midstream Services II

Meritage Midstream Services II has partnered with Riverstone Holdings 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. PRESS RELEASE Meritage Midstream Services II […]

Reuters – Fairfield Energy Raises $350m from Riverstone

Fairfield Energy has raised up to $350 million from private equity firm Riverstone Holdings to help fund investment in oil and gas exploration and development in the British North Sea, writes Reuters. Fairfield said that the energy-focused private equity firm agreed to invest $150 million, with an option to top that up by an additional […]

Goldman, Carlyle and Riverstone Cash Out Some Kinder Morgan Holdings

Goldman Sachs, The Carlyle Group, and Riverstone Holdings will sell 63 million of their common shares of publicly Houston-based Kinder Morgan, one of the largest energy companies in North America. The private equity firms participated in a buyout of Kinder Morgan in 2006, led by founder Richard Kinder. The company went public again in February 2011. […]

Reuters – Concho in Three Rivers Deal

Concho Resources is to buy all of the oil and natural gas assets of Three Rivers Operating Company, a portfolio company of private equity firm Riverstone Holdings, for $1 billion in cash, writes Reuters. Three Rivers owns 200,000 net acres in the Permian Basin, an area spanning Texas and New Mexico. PRESS RELEASE Concho Resources […]

Apollo, Riverstone to Invest Up to $600 Mln in Talos Energy

Apollo Global Management and Riverstone Holdings are investing up to $600 million in Talos Energy. Houston-based Talos will focus on oil and gas acquisition opportunities along the Gulf Coast and Gulf of Mexico. PRESS RELEASE Talos Energy LLC (“Talos”) today announced that it has partnered with investment funds affiliated with Apollo Global Management, LLC (NYSE: […]

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