Riverbend Energy Group Completes Sale of Non-Operated Portfolios

Introduction

HOUSTON–(BUSINESS WIRE)–Riverbend Energy Group (“Riverbend”), on behalf of certain of its affiliates and numerous institutional investors, announced today that it has completed the sale of its equity interests in Riverbend Oil & Gas VI, LLC, Riverbend Oil & Gas VI-B, LLC and Riverbend Oil & Gas VIII, LLC. Total purchase price for the transaction was $1.8 billion based on a May 1, 2022, effective date.

The divested portfolios represent a substantial, diversified asset base of non-operated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville. As of the effective date, these properties produced approximately 47,000 barrels of oil equivalent per day from over 11,000 wells.

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