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Rover Petroleum Scores $250 Million in Capital; TX, MidCon Focus
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Riverstone Holdings LLC reported that Rover Petroleum LLC, a newly-formed Dallas-based oil and gas company, has received an equity commitment of up to $250 million from funds managed by Riverstone and additional amounts from the Company's management team.
Rover will pursue a strategy of acquisition and development of conventional oil assets in North America, concentrating on opportunities within the Texas and Oklahoma region. The Company will target mature, underdeveloped oil fields, which it will enhance through secondary recovery, operational improvement and conventional exploitation techniques.
Rover is led by CEO Larry Keller, who will be joined by co-founders John Chadwick (COO) and James Chriesman (CFO). Mr. Keller has spent his entire 32-year career focused on conventional oil…
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