- Castex Energy 2014, a newly-formed, Houston-based oil and gas company, today announced an equity commitment of up to $200m from funds managed by Riverstone Holdings, an energy and power-focused private equity investment firm.

Riverstone will be the largest shareholder in Castex which is focused on exploration.

Robert Tichio, a Partner of Riverstone, said: "Our significant equity commitment in Castex 2014 reflects our confidence in the Castex team and the promise of the impressive asset base they have assembled.

"This investment is another example of Riverstone's strategy of partnering with proven management teams that possess advantaged industry expertise and basin-focused operating experience."

At 10:51am: [LON:RSE] Riverstone Energy Limited Ord Npv share price was +7.5p at 907.5p

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