Houston-based investment firm Riverbend Energy Group said it has found a buyer for the sale of $1.8 billion in upstream equity interests.

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The assets include nonoperated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville shale formations. The properties produce about 47,000 boe/d from 11,000 wells, the company said.

A spokesperson would not comment on the name of the buyer. The transaction is expected to close during the third quarter.

“Today marks another major milestone for Riverbend and our institutional investors, representing the culmination of nearly six years of diligent acquisition and asset management efforts since the launch of specific traditional energy business plans in delineated and de-risked liquids rich as well as dry gas basins,” said CEO Randy Newcomer Jr.

Barclays served as financial adviser and Kirkland & Ellis served as legal adviser.

Riverbend’s portfolios include operated, nonoperated, and mineral/royalty assets in traditional energy, as well as energy transition assets. Of Riverbend’s five traditional energy portfolios, the transaction represents the complete monetization of three portfolios.