Riverstone to invest up to $300M in Eagle Energy Exploration

Eagle Energy Exploration LLC

Eagle Energy Exploration LLC has reported an equity commitment of up to $300 million from energy private equity firm Riverstone Holdings LLC. The Riverstone commitment comprises up to $200 million from Riverstone Global Energy and Power Fund V and up to $100 million from Riverstone Energy Ltd.

Eagle will pursue oil and gas exploration and production opportunities in the Mid-Continent region of the US, leveraging its deep operating experience in the region and building on its prior success accumulating, delineating, and developing acreage in the Mississippi Lime shale play. 

This venture represents the second partnership between Riverstone and Eagle. The team previously partnered to build a substantial position in the horizontal Mississippi Lime trend, becoming one of the largest producers in the play prior to selling to Midstates Petroleum Co. Inc. in October 2012.

 

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...