Vesta Energy Corp., a privately-held exploration and production (E&P) company focused on light oil targets in a shallow area of Alberta’s Duvernay Shale, has secured C$295 million (US$217.9 million) in financing from a group of private equity firms.
Articles from Riverstone
With one U.S. onshore producer launched last year performing above expectations, Riverstone Holdings LLC has turned to retired Anadarko Petroleum Corp. chief Jim Hackett to lead another.
Newly established Mexico energy infrastructure developer Avant Energy S. de R.L. de C.V. has received an initial line-of-equity investment of $150 million from Riverstone Holdings LLC.
Houston-based Silver Run Acquisition Corp., which launched earlier this year under the helm of former EOG Resources Inc. chief Mark Papa, has taken an 89% controlling interest in Permian Basin operator and private equity-backed Centennial Resource Production LLC.
Starting the year flush with a $350 million commitment from its backers at Riverstone Holdings LLC, Denver-based Liberty Resources II and a few other private backers on Thursday entered an agreement to buy 53,000 net acres in four counties in the Williston Basin, according to both companies. The purchase price was $455 million.
Upstream investor Ridgewood Energy Corp., which last year threw the dice with a big investment in the deepwater Gulf of Mexico (GOM), has put together another $1.1 billion in commitments to pour even more into offshore exploration.
Riverstone Holdings LLC and its partners announced Friday that they will invest up to $300 million in Eagle Energy Exploration LLC, funding that will help the latter pursue oil and gas exploration and production (E&P) opportunities in the Midcontinent.
Legend Natural Gas IV LP stepped forward Thursday as the buyer of Range Resources Corp. Barnett Shale assets. Legend said it had struck two deals totaling $1 billion, one of them with Range in the Barnett of North Texas.