Liberty Resources Raises $350M For New Oil Venture
Out of the $350 million, Riverstone Holdings LLC funded $300 million, and the remaining $50 million came from Oakmont Corp. Of Riverstone's contributions, $200 million came from its Global Energy and Power Fund V and $100 million from Riverstone Energy Limited.
Riverstone and Liberty worked together on a previous venture in North Dakota's Bakken Shale formation.
"We are very pleased to continue our successful...
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