Riverstone Energy

Riverstone Energy Limited is a private equity firm based in Saint Peter Port, United Kingdom, established in 2013. The firm specializes in making buyout investments in the global energy sector, with a particular emphasis on midstream and exploration and production activities related to oil and gas. Riverstone Energy primarily focuses on opportunities in North America and aims to acquire majority stakes in its portfolio companies. To date, it has made multiple investments across various regions, including the Gulf of Mexico, the Continental U.S., Western Canada, the U.K. North Sea, and the Norwegian Sea. The firm leverages its affiliation with Riverstone International Limited, which serves as its investment manager, to capitalize on opportunities within the energy market.

Christopher A Abbate

Partner and Co-Head of Riverstone Credit Partners

13 past transactions

Solid Power

Post in 2021
Solid Power Inc. specializes in the development of solid-state rechargeable batteries that are free from volatile or flammable liquid components. Founded in 2011 and based in Louisville, Colorado, the company focuses on creating batteries for various applications, including electric vehicles, portable electronics, aircraft, and satellites. Its solid-state batteries are designed to be energy-dense, safe, and reliable, offering significant improvements in performance, safety, and cost-effectiveness. Solid Power aims to license its battery cell designs and manufacturing expertise to leading battery manufacturers and automotive original equipment manufacturers, while also selling its proprietary sulfide-based solid electrolyte for use in all-solid-state battery cells.

Hyzon Fuel Cell

Post in 2021
Hyzon Motors Inc is a manufacturer of hydrogen fuel cell-powered commercial vehicles, specializing in heavy-duty trucks, medium-duty trucks, and buses, including city and coach models. Founded in 2020 and headquartered in Honeoye Falls, New York, the company operates on a global scale, servicing markets in North America, Europe, China, and Australasia. Hyzon is committed to addressing the demand for zero-emission vehicles by integrating its advanced fuel cell and electric propulsion technologies into established vehicle platforms. In addition to vehicle manufacturing, the company is actively involved in developing a clean hydrogen supply ecosystem, collaborating with partners across the entire value chain, from feedstocks and production to dispensing and financing. This approach positions Hyzon to potentially expand its offerings to include light-duty commercial vehicles in the future.

Hammerhead Resources

Private Equity Round in 2018
Hammerhead Resources is a private oil and natural gas exploration, development, and production company based in Calgary, Alberta. The company operates primarily in the Alberta Deep Basin, focusing on the development of multi-zone, light-oil rich plays. Its efforts are concentrated in the Upper and Middle Montney formations, where the company has successfully demonstrated the repeatability of its laterally continuous light oil-rich fairway. Through its strategic operations, Hammerhead Resources aims to enhance its reserves and production capabilities in the region.

Centennial Resource Development

Acquisition in 2016
Centennial Resource Development, Inc. is an independent oil and natural gas company that specializes in the development and acquisition of unconventional oil and liquids-rich natural gas reserves in the United States. The company primarily focuses on the Delaware Basin, a sub-basin of the Permian Basin, with significant assets located in Reeves, Ward, and Pecos counties in West Texas, as well as Lea County in New Mexico. As of December 31, 2019, Centennial had leased or acquired approximately 78,195 net acres and owned 1,569 net mineral acres in the Delaware Basin. Founded in 2013 and incorporated in 2015, Centennial Resource Development is headquartered in Denver, Colorado.

Carrier Energy Partners II

Private Equity Round in 2015
Carrier Energy Partners is a private oil and gas company established in 2013 and headquartered in Sugar Land, Texas. The company specializes in the acquisition, development, and exploration of upstream oil and gas assets, primarily focusing on non-operated properties in the Permian Basin and Eagle Ford Shale regions. With a commitment to sustainability, Carrier Energy Partners aims to support the development of both unconventional and conventional reservoirs in North America. The company is led by CEO Mark Clemans and CFO Christina Chen, and it is backed by equity from Riverstone Holdings LLC.

Meritage Midstream

Private Equity Round in 2015
Meritage Midstream Services II, LLC, established in 2009 and headquartered in Denver, Colorado, is a midstream service provider for oil and gas producers, marketers, and refiners in North America. Its comprehensive suite of services includes natural gas gathering, compression, treating, processing, and transportation; natural gas liquids (NGL) treating, fractionation, and transportation; crude oil and condensate gathering, treating, stabilization, blending, storage, and transportation; and produced and flowback water handling. The company also offers rail hub services for outbound crude oil and condensate, and inbound frac sand. Through a joint venture, Black Thunder Terminal, LLC, with Arch Coal, Meritage provides terminal services for multiple grades of outbound crude oil and inbound frac sand in the Powder River Basin. Meritage Midstream ULC, based in Calgary, Canada, operates natural gas processing facilities and gas gathering pipelines. The company's subsidiaries in the Powder River Basin include Thunder Creek Gas Services, L.L.C.; Thunder Creek NGL Pipeline, LLC; Meritage Marketing, LLC; Black Thunder Terminal, LLC; and Black Thunder Marketing, LLC. In 2015, Meritage formed Meritage Midstream Services III, LLC to focus on midstream opportunities in Western Canada.

Castex Energy

Private Equity Round in 2014
Castex Energy is a private oil and gas company based in Houston, Texas, specializing in the exploration and development of oil and natural gas resources. The company primarily operates in South Louisiana and the Gulf of Mexico Shelf, focusing on production activities in these regions. By leveraging its expertise in exploration and production, Castex Energy aims to contribute to the energy sector while maximizing the potential of its assets.

Origo Exploration

Private Equity Round in 2014
Origo Exploration AS is an oil and gas exploration and production company based in Stavanger, Norway, founded in 2014. The company operates primarily in Norway and the United Kingdom, focusing on the exploration of hydrocarbon resources. By leveraging its expertise and local knowledge, Origo Exploration aims to enhance energy production in these regions.

Canadian Non-Operated Resources

Private Equity Round in 2014
Canadian Non-Operated Resources Corp L.P. is an oil and gas company based in Calgary, focusing on exploration and production. Managed by Grafton Asset Management Inc., the company aims to take advantage of the growing demand for non-operating and operating capital, which is essential for the extensive development of unconventional resources. CNOR primarily concentrates its activities within the Western Canadian Sedimentary Basin, leveraging its technical expertise and established relationships in the region to navigate the complexities of the oil and gas market.

Rock Oil

Private Equity Round in 2014
Rock Oil Company, LLC, established in 2010, specializes in the acquisition, development, and monetization of assets within unconventional oil and gas basins. Primarily focused on the Eagle Ford Shale play in South Texas, Rock Oil aims to identify and capitalize on opportunities that leverage its land and technical expertise to yield competitive returns. The company’s acquisition strategy encompasses producing properties, farm-ins, and direct lease acquisitions, facilitated by a flexible capital structure that accommodates various sizes and types of oil and gas projects. After acquiring an asset, Rock Oil seeks to accelerate its investment cycle by maximizing drilling activities. The management team possesses extensive experience as both operated and non-operated owners, allowing the company to pursue a diverse range of opportunities in the oil and gas sector.

Fieldwood Energy

Private Equity Round in 2014
Fieldwood Energy LLC is an oil and gas exploration and development company headquartered in Houston, Texas, with an additional office in Lafayette, Louisiana. Established in 2012, it specializes in acquiring and developing conventional offshore oil and gas assets primarily in North America, particularly in the Gulf of Mexico. The company is recognized for its operations in both shallow and deepwater regions, including its role as the operator of the Ichalkil and Pokoch fields in Mexico's Bay of Campeche. Fieldwood Energy is led by CEO Matt McCarroll and a team of experienced executives, many of whom were previously involved with Dynamic Offshore Resources. In August 2020, Fieldwood Energy and its affiliates filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, reflecting challenges faced in the industry.

Eagle Energy Exploration

Private Equity Round in 2013
Eagle Energy Exploration, LLC, founded in 2009 and headquartered in Tulsa, Oklahoma, focuses on the acquisition, exploration, development, and production of natural gas and crude oil, primarily in the Mid-Continent region of the United States. The company was an early pioneer in horizontally drilling the Mississippian formation in Northwestern Oklahoma and also held significant positions in the Hunton Lime resource play in Central Oklahoma. In late 2012, Eagle sold most of its assets to Midstates Petroleum for $650 million in cash and preferred stock. The company is known for its strong management team, which possesses extensive knowledge and experience in Oklahoma's resource plays. Eagle was recognized for its rapid growth, ranking among the top five companies in the Oklahoma Journal Record's "Fast 40" list in 2011 and achieving the number one spot in 2012.

Carrier Energy Partners II

Private Equity Round in 2013
Carrier Energy Partners is a private oil and gas company established in 2013 and headquartered in Sugar Land, Texas. The company specializes in the acquisition, development, and exploration of upstream oil and gas assets, primarily focusing on non-operated properties in the Permian Basin and Eagle Ford Shale regions. With a commitment to sustainability, Carrier Energy Partners aims to support the development of both unconventional and conventional reservoirs in North America. The company is led by CEO Mark Clemans and CFO Christina Chen, and it is backed by equity from Riverstone Holdings LLC.
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