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New Houston-Based E&P Scores $250MM; Eyes Three Shale Plays
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Rock Oil Holdings LLC has been awarded an equity commitment of up to $250 million from funds managed by energy private equity firm Riverstone Holdings LLC and additional amounts from the Company's management team.
The Riverstone commitment comprises up to $167 million from Riverstone Global Energy and Power Fund V and up to $83 million from Riverstone Energy Limited (REL).
The Rock Oil management team previously built a substantial acreage position along with associated production in the Eagle Ford Shale which it successfully sold in separate transactions to Sabine Oil and Gas and Sanchez Energy Corporation in 2012 and 2013, respectively, at material premiums to invested capital.
The team is led by Chairman and CEO Kyle R. Miller, who additionally has an outstanding track record leading…
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