Riverbend Energy finds buyer for $1.8B in assets

Riverbend Energy finds buyer for $1.8B in assets

Wednesday, June 22, 2022 by Sara Welch

Riverbend Energy Group has found a buyer for $1.8 billion in upstream equity interests, according to Natural Gas Intelligence.

The sale includes non-operated interests in the Bakken/Three Forks, Utica, Fayetteville and Haynesville shale formations. The properties produce about 47,000 boe/d from 11,000 wells, according to Riverbend.

The name of the buyer has not been disclosed. The transaction is expected to close during the third quarter.

Learn more: Natural Gas Intelligence > Riverbend Energy Sells $1.8B in Lower 48 Assets to undisclosed Buyer

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