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New Company Rock Oil Holdings gets $250M toward shale plays

Brian Hicks

Written By Brian Hicks

Posted March 13, 2014

Rock Oil Holdings is a new name in oil and gas being spurred on by Riverstone Holdings LLC, a private investment firm focused on the energy sector. Riverstone makes buyouts and growth capital investments in mostly the downstream and midstream oil sectors and has made investments in more than eighty private energy companies

This investment, an equity commitment of up to $250 million is going to go toward the company’s holdings in the Eagle Ford, Utica Shale and Permian Basin.

John Lancaster, Partner at Riverstone, said “Our equity commitment to Rock Oil reflects the confidence that we have in Kyle [Miller, formerly of Chicago Energy Associates] and the entire Rock Oil team. We believe this new venture is well situated to capitalize on the continued opportunities we see in their focus regions.”

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