Riverstone Backs Oil Co.'s Operations In Permian Basin

Law360, Dallas (August 13, 2012, 7:46 PM EDT) -- Private equity firm Riverstone Holdings LLC has made an undisclosed investment in a Texas upstream oil and gas company that has acquired 15,000 net acres in the Permian Basin with a current production of about 1,900 barrels a day of oil equivalent, Riverstone announced Monday.

Three Rivers Natural Resource Holdings II LLC, a privately held company in Austin, Texas, bought the land for an undisclosed price from Meritage Energy Company LLC, according to a statement. Three Rivers II is led by the same management team that...
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