July 23, 2015
Denver, CO - July 23, 2015 - W.G. Nielsen & Co., a premier investment banking firm headquartered in Denver, announced today that it acted as intermediary between First River Energy and RWE.
First River Energy LLC, a midstream energy company based in Denver, today announced it has acquired Texas Gathering Company LLC along with two complementary crude gathering companies.
First River Energy is evolving the crude oil gathering business for independent producers through its strategically located logistics infrastructure, websites, mobile applications, and data gathering systems.
San Antonio-based Texas Gathering Company is a privately owned crude oil marketing and transportation company that gathers approximately 24,000 barrels per day, primarily in Texas. Owner Travis Davis and his management team have joined First River Energy and will continue to manage the business. "Texas Gathering will continue its position as a key logistics partner in an underserved market," said First River Founder and CEO Johan Themaat.
RWE Supply & Trading GmbH (RWEST) is a wholly owned subsidiary of RWE.
About RWE
RWE is one of Europe's five leading electricity and gas companies. Through our expertise in oil, gas and lignite production; electricity generation from gas, coal, nuclear and renewables: energy trading as well as electricity and gas distribution and sales; we are active at all stages of the energy value chain.
About First River Energy
First River Energy is a Denver-based crude oil midstream company focused on evolving energy logistics through seamlessly connecting producers to markets. For more information, visit www.FirstRiverEnergy.com.
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co., an independently owned, FINRA investment banking firm, offers clients innovative financing solutions. W.G. Nielsen & Co. enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the firm's inception in 1996, W.G. Nielsen professionals have completed transactions valued in excess of $4 billion. For more information, please contact Ron Barber @ 303.830.1515 or visit www.wgnielsen.com.