EnCap Investments and Riverstone Holdings form Mexico’s first independent energy company

Private equity players in Houston have teamed up to form what is being dubbed Mexico’s first independent oil and gas exploration and production company.Houston-based EnCap Investments LP and New York-based Riverstone Holdings LLC, which has a major Houston presence, are each investing $225 million in the formation of Mexico City-based Sierra Oil & Gas S de RL de CV. Mexico’s Infraestructura Institucional, which helps develop infrastructure, pumped in another $75 million to create a total investment of $525 million. All three investors retain the option to double their existing commitment once the initial equity has been fully invested.

via EnCap Investments and Riverstone Holdings form Mexico's first independent energy company – Houston Business Journal.

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