28th Jun 2019 09:27
(Alliance News) - Investment company Riverstone Energy Ltd on Friday said it will invest USD100 million in Argentine oil and gas company in Aleph Midstream SA
Aleph has raised USD205 million in total, receiving additional funds from other companies as well, including funds affiliated to Riverstone Energy's investment manager Riverstone Holdings LLC.
Aleph intends to become the first midstream player focused on providing gathering, processing and evacuation services for oil and gas production of Argentina's Vaca Muerta shale play.
Upon closing of the transaction, expected to occur in July, Aleph plans to start funding the construction of infrastructure necessary to provide gathering, processing, and evacuation midstream services to oil and gas producers in Vaca Muerta.
Shares in Riverstone Energy were up marginally at 850.30 pence each on Friday morning in London.
Related Shares:
Riverstone Energy