Bracewell & Giuliani LLP represented Three Rivers Natural Resource Holdings III LLC (Three Rivers III) in an equity commitment of up to $500 million from funds managed by energy private equity firm Riverstone Holdings LLC (Riverstone), and additional commitments from Three Rivers III’s management team. The Riverstone commitment comprises up to $333 million from Riverstone Global Energy and Power Fund VI, and up to $167 million from Riverstone Energy Limited.
Three Rivers III is a newly-formed, Austin-based oil and gas company that will focus on oil and gas acquisition opportunities in the Permian Basin. Three Rivers III represents the third Permian Basin focused partnership between Riverstone and Three Rivers III’s management team after the successful sales of substantially all of the assets of Three Rivers Natural Resource Holdings LLC (Three Rivers I) and Three Rivers Natural Resource Holdings II LLC (Three Rivers II). Bracewell previously represented Three Rivers I and Three Rivers II in those sales, as well as in oil and gas acquisitions, financing transactions and other matters.
The transaction closed on April 7, 2015.
Bracewell attorneys involved in this transaction include:
Partners: Charles H. Still, Jr., Emily E. Leitch, Lance W. Behnke and Robert S. Nichols
Senior Counsel: Allison K. Perry
Associates: Kathy W. Medford, Elizabeth B. Behncke and Yaniv M. Maman