Riverstone Injects $500M Into Meritage's Natural Gas Biz

Law360, New York (July 18, 2012, 1:45 PM EDT) -- Meritage Midstream Services II LLC has gotten a $500 million infusion from private equity firm Riverstone Holdings LLC to develop new midstream natural gas systems across the U.S., bringing the Meritage name back into the energy game after a major asset sale, the companies announced Wednesday.

The energy and power-focused private equity firm's capital boost will help the Colorado-based oil and gas service company in its pursuit of emerging resource plays, both for natural gas and natural gas liquids, after its precursor Meritage Midstream Services I...
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