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.
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Former Anadarko Chief Hackett to Prowl For E&P Investments as CEO of New Riverstone Entity
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.
Riverstone Funding Newly Formed Mexico Energy Infrastructure Venture
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.
Silver Run Takes Control of Permian Operator Centennial Resource Production
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.
Montney, Duvernay-Focused Private Secures Equity from Riverstone
Riverstone Holdings LLC agreed to provide C$200 million ($180 million) in equity to fund a Canadian International Oil Corp. (CIOC) development program in the Western Canadian Deep Basin, and in particular, the Montney and Duvernay formations.

Liberty Buys 53,000 Bakken Acres in North Dakota
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.
Expanded PE Funding to Target More Deepwater GOM Projects
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, Eagle Energy in $300M Partnership in Midcontinent
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 Enters Barnett with Range Assets
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.
Carlyle/Riverstone Buying EnCana Storage Assets
EnCana Corp. and some of its affiliates agreed to sell virtually all of their gas storage interests to private equity fund Carlyle/Riverstone Global Energy and Power Fund for about $1.5 billion after adjustments.