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Riverstone Holdings LLC

Company Summary

Description

Private Investment firm focused on buyout and growth capital investments in the energy industry.

Website

http://www.riverstonellc.com/#!bigpicture

Related Entities

Recent news

  • 6/17/2022 - Targa Resources Acquires... (subscriber access)
  • 11/9/2021 - Apollo Global Management... (subscriber access)
  • 2/9/2021 - Riverstone Offering... (subscriber access)
  • 10/21/2020 - Offerers Commence Dutch... (subscriber access)
  • 6/3/2020 - Opdenergy Selling Stake... (subscriber access)

Company Transactions

Date: 9/30/2022
Type: Acquisition

BUYERS:
  • Targa Resources Corp.
    • SELLERS:
  • Lucid Energy Delaware, LLC
  • Riverstone Holdings LLC
  • Goldman Sachs
    • DETAILS:

    COST: 3.55 $B

    VOLUMES: 1.4 Bcf/d

    NOTES:
    Targa has announced that it will acquire Lucid Energy Delaware from Riverstone Holdings and Goldman Sachs for $3.55 billion in a cash offer. Lucid's assets include 1,050 miles of gathering pipelines, 29 compressor stations and 1.4 Bcf/d of gas processing capacity.
    REGIONS:
  • Delaware Basin

    • Date: 6/3/2020
    Type: Acquisition

    BUYERS:
  • Riverstone Holdings LLC
    • SELLERS:
  • Opdenergy SA
    • ASSETS:
  • Aguascalientes Sur I Solar Plant
  • Andalucia II Solar Plant
    • DETAILS:

    VOLUMES: 144 MW

    NOTES:
    Opdenergy, a Spanish renewables development company, will be selling its 80% stake in two operational Mexican solar projects to Riverstone Holdings. The deal included the 106-MW Andalucia II Plant and the 38-MW Aguascalientes Sur I Plant, which are in the states of Coahuila de Zaragoza and Aguascalientes, respectively.
    REGIONS:
  • Mexico

    • Date: 3/31/2018
    Type: Acquisition

    BUYERS:
  • Riverstone Holdings LLC
  • Goldman Sachs
    • SELLERS:
  • Lucid Energy Group
  • EnCap Flatrock Midstream
    • ASSETS:
  • South Carlsbad Gathering System
  • Artesia Gas Processing Plant
    • PROJECTS:
  • South Carlsbad Gathering Pipeline
    • DETAILS:

    COST: 1.6 $B

    VOLUMES: 1700 Miles

    NOTES:
    The Lucid II assets included in the transaction are located in the core of the northern Delaware Basin and are known as the South Carlsbad Natural Gas Gathering and Processing System and the Artesia Natural Gas Gathering and Processing System. Assets include approximately 1,700 miles of natural gas gathering pipelines and 585 million cubic feet per day (MMcf/d) of processing capacity, with an additional 200 MMcf/d under construction and scheduled to be in service by mid-2018.
    REGIONS:
  • Delaware Basin

    • Date: 12/31/2016
    Type: Merger

    BUYERS:
  • Talen Energy Corporation
    • SELLERS:
  • Riverstone Holdings LLC
    • DETAILS:

    COST: 5.2 $B

    REGIONS:
  • United States

    • Date: 12/29/2016
    Type: Acquisition

    BUYERS:
  • Centennial Resource Development
  • Riverstone Holdings LLC
    • SELLERS:
  • Silverback Exploration, LLC
    • DETAILS:

    COST: 855 $MM

    VOLUMES: 3.5 MBOE/d

    ACRES: 35000 Acres

    REGIONS:
  • Permian Basin
  • Wolfcamp
  • Bone Spring Sands

    • Date: 10/4/2016
    Type: Acquisition

    BUYERS:
  • SM Energy Company
    • SELLERS:
  • Rock Oil Holdings, LLC
  • Riverstone Holdings LLC
    • DETAILS:

    COST: 980 $MM

    VOLUMES: 5.3 MBOE/d

    ACRES: 24783 Acres

    NOTES:
    Riverstone Holdings LLC announced the signing of a deal with SM Energy to sell the joint-owned Rock Oil Holdings LLC in a cash deal valued at $980 million.
    REGIONS:
  • Permian Basin