Riverstone Holdings LLC

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Estimated Price
300MM
Description

Committed $300 million in investments to Carrier Energy Partners LLC, focus on acquisition and exploitation of upstream oil and gas assets.

Riverstone Holdings LLC has committed up to $300 million in investments to Carrier Energy Partners LLC, a Sugar Land, Texas, company focused on acquisition and exploitation of upstream oil and gas assets.

Carrier’s primary objective is to partner with select operators that are developing both unconventional and conventional reservoirs in North America.

Carrier is led by its Mark Clemans, president, CEO and a professional engineer with more than 25 years of experience in technical and financial evaluations through previous roles in operations, consulting, and investment banking at top tier oil and gas and financial services firms. Clemans founded Carrier Petroleum in 2009, a company that assembled and managed a large portfolio of non-operated assets across several U.S. basins and plays to serve as a strategic investment for a Fortune 200 company.

"It is a privilege for us to continue our previous platform in oil and gas with Riverstone, a successful and knowledgeable investor in the energy industry,” Clemans said. “Carrier's expertise lies in sound technical and financial evaluations of investment opportunities. We can be a reliable partner for operators focused on asset development and value creation in resource plays and other capital intensive basins."