Carrier Energy Partners II formed with additional $100M from Riverstone

Carrier Energy Partners LLC has an agreement for an additional $100 million investment from Riverstone Holdings LLC, according to Bloomberg.

With the new investment from Riverstone, Carrier has formed Carrier Energy Partners II LLC for acquiring and exploiting upstream oil and gas assets. Carrier initially received a $300 million investment from Riverstone in 2013, forming Carrier I, which is still active in its ongoing investments.

Bloomberg reports that the latest Riverstone commitment represents $67 million from Riverstone Global Energy and Power Fund VI, and $33 million from Riverstone Energy Ltd.

Vinson & Elkins LP advised Riverstone on the transaction.

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...