Investors Thursday handed a blank check for nearly $1 billion to a New York investment firm and a retired energy CEO turned theology student so they can hunt for an oil business to buy. In staking Silver Run Acquisition Corp. II, investors are hoping that Riverstone Holdings LLC, the energy-focused investment firm, can repeat the success of a similarly named entity it launched last year with another big-name oil executive.

Source: Wall Street Journal March 23, 2017 22:41 UTC