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You are here: Announcement

Thursday 18 December, 2014


RNS Number : 1132A
Riverstone Energy Limited
18 December 2014
 



Riverstone Holdings LLC to Acquire Additional Interests in Castex Energy

 

December 18, 2014

 

HOUSTON, NEW YORK and LONDON - December 18, 2014 - Riverstone Holdings LLC ("Riverstone") today announced an incremental commitment and investment in Castex Energy of approximately $150 million, comprised of approximately $100 million from Riverstone Global Energy and Power Fund V ("Fund V") and approximately $50 million from Riverstone Energy Limited ("REL").  The investment makes Riverstone the largest investor in Castex Energy 2005, L.P. ("Castex 2005").  Castex 2005 has operations in South Louisiana and the Gulf of Mexico Shelf, with more than 130 mmcfe/d of production, and is an affiliate of Castex Energy 2014, LLC, which was formed by Riverstone and Castex management in September 2014.  Castex 2005 and Castex 2014 are both managed by Castex Energy, Inc., which has a 27 year operating history in exploration and development in South Louisiana and the Gulf of Mexico Shelf.

 

- ENDS -

 

About Riverstone Holdings LLC

 

Riverstone is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with approximately $27 billion of equity capital raised.  Riverstone conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry.  With offices in New York, London, Houston and Mexico City, the firm has committed approximately $28 billion to 113 investments in North America, Latin America, Europe, Africa and Asia.

 

About Riverstone Energy Limited

 

REL is a closed-ended investment company that invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors.  The company is uniquely positioned to benefit from the large number of investment opportunities being driven by the North American energy revolution and the continued growth in global energy demand.  REL aims to capitalize on the opportunities presented by Riverstone's energy investment platform.  REL is a member of the FTSE 250 and its ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE. To date, REL has invested in nine energy companies spanning conventional and unconventional oil and gas activities in the Gulf of Mexico, the Continental U.S. and Western Canada.

 

Media Contacts

 

For Riverstone Energy Limited: 

Alfredo Marti

+44-20-3206-6300

John Cosgrove

+1-212-993-0076

 

Brunswick:

Andrew Mitchell

Robin Wrench

+44-207-404-5959

 

Castex Energy, Inc.:

Matthew Brogdon, Executive Vice President

281.878.0084

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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