Riverstone Sinks $300M Into Texas Oil Exploration Firm

Law360, New York (October 10, 2013, 5:38 PM EDT) -- Energy-focused private equity firm Riverstone Holdings LLC said Thursday that it's investing up to $300 million in a privately held Texas oil and gas exploration company that has an eye on partnering with operators developing both conventional and unconventional oil and gas plays across North America.

Riverstone said it's made the commitment to invest in Carrier Energy Partners LLC, which is focused on acquiring and developing upstream oil and gas assets. The Sugar Land, Texas-based company, founded as Carrier Petroleum LLC in 2009, managed production of...
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