Start-up Rover Petroleum seeks oil assets

Rover Petroleum LLC has been formed with an equity commitment of as much as $250 million from funds managed by Riverstone Holdings LLC and additional contributions from company managers.

Based in Dallas, Rover will acquire and develop conventional oil properties in North America, especially Texas and Oklahoma.

It seeks mature, underdeveloped oil fields amenable to enhanced recovery, operational improvement, and conventional exploitation.

Rover managers and cofounders are Larry Keller, chief executive officer; John Chadwick, chief operating officer; and James Chriesman, chief financial officer.

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