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Riverstone Energy : RSE

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RSE will contribute $100m towards $300m being committed by Riverstone companies towards Eagle Energy Exploration. Eagle’s focus is on oil & gas exploration and production in mid US (exploiting the Mississippi Lime trend).

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RSE : Riverstone Energy – Liberty II Bakken Asset Deal

Riverstone Energy – Liberty II Bakken Asset Deal Liberty II Resources, one of the handful of companies that Riverstone Energy has invested in, is exchanging 31,500 acres of its holdings in North Dakota’s Williston Basin for an additional 4,175 acres in Williston Basin (located in Williams County) and $78.4m in cash. The deal adds another 30 drilling locations. The […]

Riverstone Energy : RSE – interims

Riverstone Energy has published its first interim statement covering the period from 1 January 2014 to 30 June 2014. At the end of the period the net asset value per share was $16 and its shares were trading at a 1% discount to this. In Sterling terms the share price had fallen by 7.5% since launch […]

Riverstone Energy : RSE – new investment

Riverstone Energy has made a C$67 million commitment to Canadian International Oil Corp, part of $200m committed by Riverstone advised entities. Based in Calgary, Canadian International Oil Corp controls and operates an oil field centred on the Montney and Duvernay formations of Western Canada’s Deep Basin, about 400,000 acres in total and currently producing approximately 3,000 […]

Riverstone Energy : RSE – new investments

Riverstone Energy has announced two new investments (following on from its Liberty II investment which completed yesterday). Rock Oil Holdings, a Denver and Houston based oil & gas company, will get an investment of $250m, $83m of which will come from REL. Rock Oil’s focus will be on shale (Eagle Ford, Utica and the Permian […]

Riverstone Energy : RSE – Final results

Riverstone Energy has published numbers for its financial period which is fairly short, covering the period from incorporation on 23 May 2013 to the end of December 2013. Most of this time it was a shell; RSE listed on 29 October 2013, raising $1.23bn. The NAV at the end of December was $16.04. So far […]

Riverstone Energy : RSE – Liberty Resources II update

Riverstone Energy has announced that Liberty Resources II, its largest holding, has bought a portfolio of oil & gas assets in North Dakota’s Williston Basin for $455m. Altogether the acquisition represents 53,000 acres and 4,000 barrels of oil equivalent per day production.

Riverstone Energy annuals reflect a tumultuous year for the oil industry

Riverstone Energy (RSE)’s annual results period to end-December 2020 saw it deliver 36% and 38% decreases in NAV in USD and GBP terms. ‘Tightening in supply, as a result of higher demand and lower non-OPEC+ supply, has helped to support a higher commodity price environment’ RSE’s chairman Richard Hayden provided the following summary of the challenges faced […]

Riverstone backs Freewire

Riverstone backs Freewire – Riverstone Energy has agreed to invest $10m in FreeWire Technologies, Inc., a leading provider of battery-integrated DC fast chargers (DCFCs) and their associated software. Another Riverstone fund also participated in the transaction, also investing $10 million for a total investment of $20 million from Riverstone affiliated investment vehicles. Based in the San […]

Riverstone Energy has two years to prove itself

When Riverstone Energy launched, it had a performance-driven discontinuation vote built into the structure. This would be triggered if, on 29 October 2020: the trading price for the shares had not met or exceeded £14.70 at any time since the initial admission to listing on 29 October 2013; and the company had not generated a […]

Still a very challenging environment for commodity funds like Riverstone Energy

Riverstone Energy (RSE) reported interim results, spanning the six months to 30 June 2020. The NAV was down by (43%) and (40%), in USD and GBP terms, respectively. The Hammerhead, ILX III, and Liberty II holdings were the main detractors. Some of the key figures from the period, as at 30 June, include: NAV $379m (£308m) NAV […]

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Riverstone Energy : RSE

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