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Rock Oil Holdings Receives Millions In Equity

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March 13, 2014

Rock Oil Holdings LLC received an equity commitment of up to $250 million from funds managed by private-equity firm Riverstone Holdings LLC, the company said March 13.

The funds included Riverstone Global Energy and Power Fund V and Riverstone Energy Ltd., for amounts up to $167 million and up to $83 million, respectively, the company said.

Additional equity came from Rock Oil’s management team, the company added.

"Our team is very pleased to join with an experienced partner like Riverstone and appreciate their support as we develop a new portfolio ...

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