Concho Resources to buy Riverstone assets for $1 billion billion #Greg Roumeliotis @reuters @resilient_ent #PrivateEquity

said it would buy all of the oil and natural gas assets of Three Rivers Operating Company LLC, a portfolio company of private equity firm Riverstone Holdings LLC, for $1 billion in cash. Three Rivers owns 200,000 net acres in the Permian Basin, an area spanning Texas and New Mexico that is undergoing an exploration boom fueled by crude over $90 a barrel and technology such as horizontal drilling to extract oil. CONTINUE AS YOU ENTER THE WORLD @REUTERS @resilient_ent benny quetell resilient media entertainment private equity

RESILIENT MEDIA ENTERTAINMENT

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