Rock Oil in the Press

 

Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company

NEW YORK, Aug. 8, 2016 /PRNewswire/ -- Riverstone Holdings LLC ("Riverstone") has announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P. ("Fund V") and minority partners have agreed to sell Rock Oil Holdings LLC ("Rock Oil" or the "Company"), a Houston- and Denver-based oil and gas company focused in the Permian Basin, to SM Energy Company (NYSE: SM, "SM Energy"), a Denver-based oil and gas company, for $980 million in cash.  The transaction is subject to customary closing conditions and is expected to close in early October.

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