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Liberty Resources Completes Equity-funded Bakken Acquisition

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March 12, 2014

For about $446 million, Liberty Resources II LLC closed its Williston Basin assets acquisition, which was funded through funds-based equity investments managed by private-equity firm Riverstone Holdings LLC, the company said March 12.

The funds included Riverstone Global Energy and Power Fund V, Riverstone Energy Limited, Liberty II management, the company said, noting that other investors and third-party debt also funded the acquisition.

Riverstone Energy Limited contributed $66.4 million, including its $13.3 million shares of the deposit funded January 30, Liberty Resources II LLC said.

The acquired properties span about ...

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