Riverstone to sell R/C Sugarkane to Warwick Partners II

Riverstone Holdings LLC

Riverstone Holdings LLC and Warwick Energy Group, an Oklahoma City, Oklahoma-based oil and gas company, have signed a definitive agreement to which Riverstone/Carlyle Global Energy and Power Fund IV LP have agreed to sell R/C Sugarkane LLC to an entity affiliated with Warwick. 

Financial terms of the transaction were not disclosed, and the transaction is expected to close in early May.

R/C Sugarkane is a private upstream oil and gas company with non-operated working interests comprising 6,000 net acres in the Eagle Ford shale play, and with 3,000 boe/d of net daily production. The Riverstone transaction team managed its investment in partnership with the management team of Texas Crude Energy Inc.



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