With energy companies currently facing the challenging environment of lower oil and gas prices, they have to take an aggressive approach to obtaining financial backing in order to ensure that their business operations prosper.
In a successful move, Rover Petroleum, a newly formed Dallas-based oil and gas company, recently obtained sizable equity funding from the private equity firm Riverstone Holdings. An energy and power-focused private investment firm that was founded in 2000, Riverstone has offices in New York, London, Houston and Mexico City, and has over $30 billion of equity capital raised for investment purposes. Riverstone conducts buyout and growth capital investments in the exploration and production, midstream, oilfield services, power and renewable sectors of the global energy industry.
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