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Rock Oil

A pumpjack operating in the Permian Basin
Oil & Gas

SM Energy to buy US explorer Rock Oil for $1bln

08/08/2016
By Mark Lammey

Private equity firm Riverstone Holdings is selling US-based oil and gas exploration company Rock Oil. In an update on the London Stock Exchange (LSE), energy-sector-focused Riverstone said it expects the sale of Rock Oil to SM Energy to generate gross cash proceeds of $237million. Denver-headquartered SM Energy said the purchase price was $980million.