Liberty Resources II LLC secured an investment amounting to USD350 million from Riverstone Holdings LLC and Oakmont Corp. This was according to a report published by The Middle Market on its website.
Riverstone previously struck a partnership with the Liberty Resources II's management team for Liberty Resoures LLC. The teamup focused on North Dakota's Bakken Shale. Most of the assets of Liberty Resources were bought by Kodiak Oil & Gas for USD680 million in July, The Middle Market reported.
New York-based Riverstone is a private equity firm that focuses on and invests in the energy industry. To date, it has raised around USD27 billion in capital. In October, it poured USD200 million into oil-drilling company Abaco Energy Technologies LLC, said the report.
Liberty Resources is a newly launched company that deals with gas and oil exploration and production. It was formed in 2010 and is currently based in Denver, according to its website.
Join the Conversation