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Another STACK E&P Looking for a Buyer
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In its Q4 report, Riviera Resources announced that it is looking for a buyer.
In 2020, Riviera has expanded the scope of its engagement with Tudor, Pickering, Holt & Co. to explore a potential sale or merger of both Riviera as well as its midstream subsidiary, Blue Mountain. Additionally, the Company continues to work with other advisors on potential Upstream asset divestitures.
The company already inked several assets sales throughout 2019 in an effort to improve its balance sheet.
Riviera's Assets
David Rottino, Riviera's President and Chief Executive Officer, commented, "Over the past year, Riviera has executed exceptionally well on its strategy of capital discipline, and returning capital to shareholders by efficiently managing and opportunistically monetizing our assets, especially…
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