© 2013 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(December 13) – New York private equity firm Riverstone Holdings, LLC announced Friday an equity commitment of up to $300 million in Tulsa, Okla.-based Eagle Energy Corporation for Eagle to pursue oil and gas exploration and production opportunities in the Mid-Continent region of the U.S.
Vinson & Elkins is representing Riverstone, with a New-York based corporate team including partner James Fox and associates Dan Komarek and Carson Sieving. The deal is not absent of Texans, however. Dallas partners David Peck and David D’Alessandro and Houston associate Stephen Jacobson are also assisting.
Oklahoma City-based Hall Estill is representing Eagle in the transaction.
This is the second time for Riverstone to make an equity commitment to Eagle. The two previously partnered to build a substantial position in the horizontal Mississippi Lime trend, becoming one of the largest producers in the play before selling the assets to Midstates Petroleum Company Inc. for $600 million in October 2012. V&E represented Riverstone and Eagle in that deal. Fox was the lead partner in that transaction as well.
Stephen Coats, a former V&E partner, is the general counsel and a partner at Riverstone.
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