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Riverbend Oil & Gas LLC Gives Updates On Acquisitions

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April 10, 2014

On April 9, Zavanna LLC, an oil and natural gas company, said that Riverbend Oil & Gas LLC, a partnership that it formed in June 2013 with GSO Capital Partners LP, has since closed more than 30 acquisitions for more than $100 million.

Riverbend was formed with a $200 million preferred equity commitment from GSO affiliates and some of Zavanna’s assets, the company added.

Riverbend, focused on the Williston Basin, is a nonoperating working interest partner in Zavanna’s 2014 development program, which includes a three-rig program and capex of more ...

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