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The firm focuses on oil and gas exploration, midstream pipelines, electricity generation, energy and power services, energy and power technology, and renewable energy infrastructure and technology. Riverstone has raised approximately $41 billion since the firm's inception in 2000.
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The company was founded in 2003 by Michael C. Linn. [2]In 2006, the company became a public company via an initial public offering that raised over $200 million. [3]In 2007, the company doubled its holdings by acquiring many of the oil and gas assets of Hogshead Spouter and Dominion Energy, mainly in Oklahoma, for $2.05 billion.
Across the United States, oil and gas drilling declined last year while Oklahoma's energy companies focused on giving cash back to shareholders.
GE acquired Dresser from funds managed by Riverstone Holdings LLC and First Reserve Corporation. The move significantly expanded GE's offerings for energy and industrial customers worldwide and is the latest in a series of acquisitions over the last 10 years that have transformed GE's global energy portfolio.
Tom L. Ward is a prominent Oklahoma City businessman and philanthropist. [2] He is currently the chairman and CEO of Mach Resources , [ 3 ] a privately owned energy company in Oklahoma City, OK. He was the founder and former chairman and CEO of Tapstone Energy [ 4 ] and SandRidge Energy, Inc. [ 5 ] and is the former president, chief operating ...
In July 2017, Talos Energy, Premier Oil, and Sierra Oil & Gas announced that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a formation with between 1.4 billion and two billion barrels of light crude oil. Because not all oil present is such a formation is technically recovered, it is ...
The University of Oklahoma Health Sciences Center in Oklahoma City has also been the beneficiary of Stephenson’s philanthropy. He has provided a significant gift to support its nationally known Dean McGee Eye Institute. In November 2010, Charles and Peggy Stephenson made a $12 million donation to The University of Oklahoma Health Sciences Center.