Riverbend Energy Group Divests Non-Operated Portfolios

Introduction

HOUSTON–(BUSINESS WIRE)–Riverbend Energy Group (“Riverbend”), on behalf of certain of its affiliates, announced today the execution of a definitive agreement with a private buyer for the sale of all of the equity interests in Riverbend Oil & Gas VI, LLC, Riverbend Oil & Gas VI-B, LLC and Riverbend Oil & Gas VIII, LLC, for total consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close in the third quarter of 2022, with an effective date of May 1, 2022.

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