New company Rock Oil Holdings gets a $250 million equity commitment to buy liquids-rich acreage in Ohio and Texas

New York-based private equity firm Riverstone Holdings LLC has put a $250 million equity commitment into newly formed Rock Oil Holdings LLC, which will use the funds to buy acreage in "liquids-rich production areas including the Utica in Ohio and the Eagle Ford shale play and Permian basin in Texas," Columbus Business First reports. The new company will have executive offices in both Denver and Houston. For more, read the full story.

National, Ohio