Riverstone Founders visit TPH

Casey ColelloNews 2014

David Leuschen and Pierre Lapeyre, the founding partners of Riverstone, visited TPH today and addressed a firm wide audience over lunch. The broad ranging discussion covered many topics, including the current environment, the complexities involved in large transactions, the importance of relationships and experience in the energy space, and some of the central tenets of the Riverstone culture. Private equity … Read More

TPH Hosts Inaugural Royalties Conference: A New Look at an Old Asset

Casey ColelloNews 2014

Sparked by the immensely successful IPOs of Viper Energy Partners and PrairieSky Royalty Ltd., there has been a significant resurgence of interest in the oil and gas royalty space since this summer. According to various estimates (including TPH), the production from royalty and mineral interests in the US generates nearly $100 billion of annual cash flow that could exceed a … Read More

TPH Research Initiates Coverage on US Independent Refiners

Casey ColelloNews 2014

Tudor, Pickering, Holt & Co. Research has initiated coverage on a group of 10 U.S. independent refiners. With a Buy rating: Delek US Holdings (DK), Marathon Petroleum (MPC), Tesoro (TSO), and Valero Energy (VLO). With a Hold rating: CVR Refining (CVRR), Northern Tier Energy LP (NTI), and Western Refining (WNR). With a Trim rating: Alon USA Partners, LP (ALDW), Alon … Read More