Operator
Riviera Resources
15 articles mentioning Riviera Resources
Riviera Finalizes Exit from Midstream Biz with Blue Mountain Sale; Talks Future
Riviera Resources, Inc. announced that on October 8, 2020, it closed on the previously announced Blue Mountain sale in an all cash transaction with net proceeds of approximately $111 million. With the closing of the transaction,...
Riviera Resources to Exit Upstream Biz; Sell Assets
Anadarko Basin-focused Riviera Resources announced that it will be selling its remaining assets and exiting the upstream business, according to its Q2 report. Thus far in 2020, the Company has closed four transactions generating aggregate proceeds...
Riviera Resources Second Quarter 2020 Results
Riviera Resources, Inc. reported its Q2 2020 results. Highlights: Returned approximately $355 million to shareholders in the last eight months: Cash distribution of $4.25 per share paid to shareholders on December 12, 2019 Cash distribution of...
Riviera Resources First Quarter 2020 Results
Riviera Resources, Inc. reported its Q1 2020 results as well as a strategic update. Highlights: Returned an aggregate of approximately $310 million to shareholders in the last five months:Cash distribution of $4.25 per share paid to...
Blue Mountain CEO Resigns; Existing Management Team to Absorb Role
Riviera Resources, Inc. and Blue Mountain Midstream LLC reported that C. Gregory Harper has resigned as President and CEO of Blue Mountain and as a board member, each effective April 27, 2020. Consolidating Management; No Replacement...
Riviera Resources Makes Changes to Board
Riviera Resources Inc. announces that Andrew Taylor, who in his capacity as an employee of Elliott Management Corporation, has resigned from the Riviera's Board effective as of March 5, 2020. Win Rollins, a member of Elliott's...
Operator Cuts 84% of 2020 Budget, Suspends Louisiana Drilling Plan
Riviera Resources Inc. has decided to defer its operating drilling program in the Ruston Field of North Louisiana. This will result in the company reducing 2020 capital by 84% (down $21 million from its original plan...
Another STACK E&P Looking for a Buyer
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...
Riviera Resources Director Resigns; Replacement Named
Riviera Resources, Inc. reported that Philip A. Brown has resigned from the Board and as a member of the Audit and Compensation Committees of the Board, effective January 8, 2020. The Company has selected Joseph A....
Riviera Resources Reports Q3 2019 Results
Riviera Resources, Inc. and its wholly owned subsidiary, Blue Mountain Midstream LLC, reported financial and operating results for the third quarter 2019. Highlights: Increased previously announced $100 million share repurchase authorization to a total of $150...
Riviera Resources Talks Q2 2019 Results, Ops
Riviera Resources, Inc. detailed its financial and operating results for the second quarter 2019 and provides a strategic update. Highlights: Increased previously announced $100 million share repurchase authorization to a total of $150 million Returned over...
Riviera Resources Ups Guidance for 3Q18; Credits Higher Non-Op Activity
Riviera Resources has raised guidance for the third quarter 2018. The Company highlights the following updates to third quarter 2018 guidance: Production guidance has been raised by approximately 4.5% primarily due to higher non-op activity in...
Linn Talks Q2 Roan Activity; Finalizes Separation into Two Companies
LINN Energy reported its Q2 2018 results. Roan Resources Q2 Ops LINN detailed Roan's Q2 drilling activity and IP30 rates from several of its wells: Separation into Two Companies Finalized LINN finalized its separation into two...
LINN Energy Completes Spin-Off of Riviera Resources
LINN Energy announced today that it has completed the previously announced spin-off of Riviera Resources, Inc. from LINN. Riviera is now an independent reporting company and is expected to begin trading on the OTC Market under...
Linn Provides Update on Separation Plan; Roan, Riviera Resources
LINN Energy reported a strategic update on the previously announced separation plan. The Board has decided to separate into two public companies as outlined below: Riviera Resources. The Company has formed Riviera Resources, LLC, which following...