Mark G. Papa Joins Riverstone Holdings LLC as a Partner
New York, NY and London, UK (12 February 2015) - Riverstone Holdings LLC, a leading energy and power-focused private investment firm announced that Mark G. Papa has joined the firm as a Partner in its Houston office. From 1998 to late 2013, Mr. Papa was Chairman and Chief Executive Officer of EOG Resources.
David M. Leuschen and Pierre F. Lapeyre, Jr., Co-Founders of Riverstone, said, "We are excited to have Mark join Riverstone. Mark will bring tremendous operating experience and insight to our portfolio. During this time of unprecedented opportunity, his hiring underscores Riverstone's continued commitment to attracting the very best talent in the industry, including proven operators with a successful track record of creatively reshaping the business."
Mr. Papa said, "I am excited to be joining Riverstone and its talented team of energy investment professionals. This is a uniquely interesting and challenging time in our industry. As I surveyed the energy landscape following my recent retirement from EOG, I could not imagine a better opportunity than joining Riverstone, which I regard as one of the premier energy investment platforms in the world. I have known David and Pierre for over 25 years, and I look forward to helping the firm build upon its investment track record."
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About Riverstone Holdings LLC
Riverstone is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with approximately $27 billion of equity capital raised. Riverstone conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London, Houston and Mexico City, the firm has committed approximately $28 billion to 115 investments in North America, Latin America, Europe, Africa and Asia.
About Riverstone Energy Limited
REL is a closed-ended investment company that invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors. The company is uniquely positioned to benefit from the large number of investment opportunities being driven by the North American energy revolution and the continued growth in global energy demand. REL aims to capitalize on the opportunities presented by Riverstone's energy investment platform. REL is a member of the FTSE 250 and its ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE. To date, REL has invested in 12 energy companies spanning conventional and unconventional oil and gas activities in the Gulf of Mexico, Continental U.S., Western Canada, the U.K. North Sea, the Norwegian Sea, and Mexico.
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