Investor Podcast
Randy Newcomer and Scott Rice, Riverbend Energy Group
Published 10 April 2024
Randy Newcomer, Managing Partner, Founder & Chief Executive Officer & Scott Rice, Managing Partner, COO at Riverbend Energy Group join the latest episode of the Energy Council’s Investor Series Podcast. During the episode, Randy & Scott share their views on the current fundraising environment, current goals for LPs and what they believe are the best investment strategies to achieve those goals. They share the successes that Riverbend have enjoyed through its non-op strategy, delve into the benefits of pursuing a non-op strategy and explain why this might be attractive to LPs. Finally, they discuss where the real energy investment opportunities exist for the next few year on the private side, across both the traditional energy and energy transition space. Listen to the full episode here.
Riverbend Energy Group will be participating at the New York Energy Capital Assembly where Randy will be participating on the following panel to delve into these topics in more detail:
Oil & Gas Investing Panel
Where is the Real Energy Investment Opportunity for the Next Few Years Both on the Public and Private Side?
- Jamie Brodsky, Managing Partner, Co-CEO, Breakwall Capital
- Jeannie Powers, Managing Director and Co-Head of Domestic Upstream, EIG Global Energy Partners
- Randy Newcomer, Jr., Managing Partner, Founder & Chief Executive Officer, Riverbend Energy Group
- Michael Bertuccio, Founding & Managing Partner, Wincoram Asset Management
Managing Partner, Founder & Chief Executive Officer
Randy Newcomer, Jr. has served as Managing Partner & Chief Executive Officer since Riverbend’s inception in 2003.
Previously, Mr. Newcomer served as Vice President of EnCap Investments L.P. (from 1997 to 2003) where he evaluated a multitude of financings involving mezzanine debt and equity investments. Mr. Newcomer began his career in 1989 at Amoco Production Company, serving in diverse production and reservoir engineering, business development, and acquisition and divestment roles (all associated with activities in the Permian Basin).
Mr. Newcomer holds a B.S. in Petroleum Engineering from Texas A&M University and an Executive MBA from the University of Houston. Energy companies that Mr. Newcomer has served and/or serves on the Board of Directors include Riverbend, Ovation Energy, Chalker Energy II & III, Navidad Resources and Parsley Energy. Furthermore, he has served or serves on the Board of Directors of Houston Producers Forum and the Advisory Boards of Yellowstone Academy and Stoney Creek Ranch.
Managing Partner & Chief Operating Officer
Scott Rice joined Riverbend in 2008 and currently serves as Managing Partner & Chief Operating Officer, focused on engineering, business development, and strategy functions across active portfolios and platform companies.
Previously, Mr. Rice served in reservoir and production engineering roles across multiple basins at Pioneer Natural Resources. Prior to joining Riverbend, Mr. Rice was elevated into an investor relations role within Pioneer, collaborating with Pioneer senior management and external research/investor parties in the private and public company arena.
Mr. Rice holds a B.S. in Petroleum Engineering from Texas A&M University. Energy companies that Mr. Rice has served and/or serves on the Board of Directors of Riverbend and Royal Resources. Furthermore, he serves on the Board of The Galveston Bay Foundation, Corps of Cadets Association, and Walk & Roll for Spinal Cord Injuries Foundation.
Riverbend Energy Group is a multi-faceted energy investment firm headquartered in Houston, TX. Since 2003, Riverbend has employed technically driven processes to evaluate deals and invest capital across the U.S. energy complex. With a focus on investing in tomorrow's energy today, Riverbend offers its partners an all-of-the-above solution to energy investing, including opportunities across operated, non-operated, and mineral and royalty assets, as well as energy transition and other sectors.
The firm has built 11 and successfully monetized seven portfolios, including the 2022 sale of its prior non-operated oil & gas portfolio for $1.8 billion, generating significant returns for its partners across multiple investment strategies and market cycles.
Find out more https://riverbendenergygroup.com/
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