Separately, Three Rivers will acquire certain assets of Chesapeake Energy. The assets are primarily located in the Permian basin of West Texas and Southeast New Mexico.
Michael Wichterich, CEO of Three Rivers, said: “Riverstone brings both capital and significant E&P experience to facilitate our strategic plans. We are excited to partner with them in pursuit of the ambitious goals we have set for Three Rivers.”
Pierre Lapeyre and David Leuschen, co-founders of Riverstone, said: “We are excited to work again with Mike, as well as his team of experienced executives. This investment is consistent with Riverstone’s objective of partnering with proven management teams that possess strong track records with basin-focused operating expertise. We look forward to supporting the company’s growth.”
