Riverstone Holdings, EnCap Investments and Infraestructura Institucional Commit US$525 Million to Sierra Oil & Gas (Latin America)
Source: Sierra Oil & Gas
Mexico-based exploration and production company Sierra Oil & Gas has received US$525 million in equity commitments from energy and power-focused private investment firm Riverstone Holdings, oil and gas private equity investor EnCap Investments and infrastructure-focused private equity firm Infraestructura Institucional. Riverstone and EnCap each committed US$225 million, while Infraestructura Institucional committed US$75 million. All three investors retain the option to double their existing commitment once the initial equity has been deployed. The company plans to participate in exploration, development and production optimization opportunities made possible by Mexico's recent energy reform.