Riverstone Holdings has invested up to $100million in Carrier Energy Partners.
The deal comprises $67million from Riverstone Global Energy and Power Fund VI and $33million from Riverstone Energy Limited.
Riverstone Holdings previously invested in the first Carrier Energy Partners vehicle in 2013.
Robert Tichio, Riverstone Holdings Partner, said:”We are excited to grow our relationship with the Carrier team as we execute on this non-operated oil and gas acquisition approach in today’s environment.
“Carrier and Riverstone continue to observe an increasing need for non-operating working interest partners created by the significant capital requirements inherent to full-scale development of unconventional resources.”
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