Add-on Acquisition • Oil/Gas Exploration

Warwick Energy Group Acquires R/C Sugarkane

On April 1, 2014, Warwick Energy Group acquired oil/gas exploration company R/C Sugarkane from Riverstone Holdings

Acquisition Context
  • This is Warwick Energy Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Warwick Energy Group’s 1st transaction in the United States.
  • This is Warwick Energy Group’s 1st transaction in Texas.

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M&A Deal Summary

Date April 1, 2014
Target R/C Sugarkane
Sector Oil/Gas Exploration
Buyer(s) Warwick Energy Group
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition

Target Company

R/C Sugarkane

Houston, Texas, United States
R/C Sugarkane, LLC is a private upstream oil & gas company with a dedicated focus on developing acreage targeting the Eagle Ford shale in South Texas.
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Buyer Overview 1

Buyer

Warwick Energy Group

Oklahoma City, Oklahoma, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Warwick Energy Group own interests in over 5,000 wells in 13 states focused on onshore US natural gas and oil acquisition, exploration and production. The company was founded in 2010 by Katherine Richard, its CEO, and its technical team is led by industry veterans Shilpa Abbitt, Doug Bellis, Max Germin, Jessica Tompkins and Bob Wagner.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1

Seller Profile 1

SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.


Deal Context for Seller #
Overall 36 of 61
Sector: Oil/Gas Exploration 10 of 22
Type: Add-on Acquisition 19 of 32
State: Texas 17 of 27
Country: United States 28 of 45
Year: 2014 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Quintana Shipping

Kifissia, Greece

Quintana Shipping Ltd., headquartered in Athens, is an international shipping company targeting the acquisition and operation of dry bulk vessels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 CanEra Energy

Calgary, Alberta, Canada

CanEra Energy Corporation is an oil and gas exploration and production company with a focus in the Western Canadian Sedimentary Basin.

Sell CA$1.1B