Riverstone Investing $600M in Energy

Riverstone Holdings, LLC committed $600 million to Fieldwood Energy LLC, a Houston based company in the acquisition and development of oil and gas. The funds are expected to be used in the pursuit of assets in domestic basins.

This agreement is the second to be made between Riverstone and Fieldwood. A previous partnership between Riverstone and Fieldwood produced Dynamic Offshore Resources LLC in Houston, a subsidiary of SandRidge Energy Inc. which is based in Oklahoma City.

In a statement, Matt McCarroll, President and CEO of Fieldwood said that members of this former partnership will join Fieldwood’s new venture.

“We are confident that our focus on the acquisition and development of under-worked assets and under-capitalized companies will provide for an equally successful experience as our previous efforts,” he said.

To date, Riverstone has been active in the energy industry in Houston; the firm invested $200 million in Kerogen Energy Holdings LLC in September 2012.

Riverstone is a private equity firm focused in the energy and power sectors. Since the firm was co-founded in 2000 by Pierre Lapeyre and David Leuschen, Riverstone has committed around $20 billion worldwide with investments across North America, Europe, Africa, Asia and Latin America.

Source: bizjournals.com

Categories: Energy
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Dec
20

Kennedy Center Honors Lifetime Achievements

On Sunday, December 2, Hollywood stars, comedians, dancers, and musicians, brought their glamor and talent to the 35th Annual Kennedy Center Honors, celebrating the lifetime contributions of seven American performing artists. The yearly tradition, which takes place at the Kennedy Center Opera House in Washington, D.C., is hosted by Caroline Kennedy, and produced by George Stevens Jr. and Michael Stevens. The duo has received three Emmy Awards for Outstanding Television Special for their work with the honors show. Together, they have received 19 Emmy Awards and 51 nominations.

This year’s honorees include blues artist Buddy Guy, actor and director Dustin Hoffman, rock band Led Zeppelin’s members John Paul Jones, Jimmy Page, and Robert Plant, comedian and TV host David Letterman, and ballerina Natalia Makarova.

The honorees received medallions on the night prior to the gala, during a State Department dinner hosted by Secretary of State Hillary Clinton. The night of December 2 began with a welcome reception at the White House where President Obama thanked the artists for their cultural contributions, and reminisced about the artistic influences in his own life. The program then continued at The Kennedy Center, where the President and First Lady sat in the presidential box with the night’s honorees, and other prominent individuals including Xerox CEO Ursula Burns, authors Doris Kearns Goodwin and Richard Goodwin, Connie Milstein, owner of the Jefferson Hotel.

The Honors have been a tradition since 1978, and past honorees include Katharine Hepburn, Paul Newman, Aretha Franklin, Stevie Wonder, Clint Eastwood, Julie Andrews, Andrew Lloyd Webber, Martin Scorsese, Oprah Winfrey, Yo-Yo Ma, and Meryl Streep, among others. Honorees are chosen by the Board of Trustees based on the Kennedy Center’s national artists committee’s input and former honoree’s recommendations. The Board of Trustees hopes to select a diverse group, across a variety of artistic disciplines.

Other notable guests from this year’s gala include Nancy Pelosi, Naomi Watts, Robert De Niro, Alec Baldwin, and Morgan Freeman. The gala will be broadcast to the public on CBS on Dec. 26.

Sources: Washington Post, TIME, CNN

Categories: Entertainment
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Dec
10