Riverbend Energy Group, L.L.C.
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Riverbend Energy Group, L.L.C. - overview
Established
2003
Location
Houston, TX, US
Primary Industry
Financial Services
About
Based in Texas, US, and founded by Randy Newcomer, Jr. (CEO and Managing Partner) in 2003, Riverbend Energy Group, L. L. C.
operates as a financial services company specializing in the acquisition, development, and management of asset portfolios in the oil and gas industries. In 2016, the firm raised an initial investment by Kayne Anderson Energy Private Equity. Further, in June 2023, Riverbend acquired a sizeable non-operated working interest position in the core of the Williston Basin. The firm as of May 2024, has Houston and Midland, Texas.
The company manages over USD 5 billion in total enterprise value across nine asset portfolios, including operated and non-operated assets, as well as mineral and royalty interests and private equity investments. In addition to traditional energy investments, Riverbend is actively pursuing opportunities in the energy transition sector. This includes investments in solar, energy storage, electric vehicles, and energy management technologies, reflecting their commitment to sustainable and diversified energy solutions. As of May 2024, Riverbend has monetized seven portfolios, is managing four, and closed over 300 transactions including acquisitions and divestitures, drilling partnerships, and private equity investments.
Primary Industry
Financial Services
Sub Industries
Private Equity, Investment Banking
Website
www.riverbendenergygroup.com
Total Amount Raised
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Riverbend Energy Group, L.L.C. - employee data
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