RIDGEWOOD ENERGY CORPORATION
RIDGEWOOD ENERGY CORPORATION is a Series C+ and other fund in US-Deepwater-Gulf-of-Mexico investing in Climate and oil-and-gas.
- Stages
- Series C+, other
- Sectors
- Climate, oil-and-gas
- Invests in
- US-Deepwater-Gulf-of-Mexico
- Actively investing
- Yes
- Founded
- 1982
- Assets under management
- $4.9B
Check size not disclosed
Thesis
Ridgewood Energy Corporation is a private equity firm founded in 1982, specializing in the energy sector, with a distinct focus on U.S. Deepwater Gulf of Mexico oil and gas projects. Their investment strategy centers on identifying and developing conventional oil and gas assets that promise high-value, long-term production, specifically targeting areas with existing infrastructure to reduce development costs. They aim to acquire assets at a cost below $20 per barrel, utilizing advanced technology and deep expertise in geoscience, engineering, and commercial aspects. While Ridgewood Energy focuses on E&P, Ridgewood Infrastructure, a related entity, invests in essential U.S. lower middle market infrastructure businesses (water, energy, transportation, utilities) with predictable cash flows. Ridgewood Energy manages capital commitments exceeding $5 billion for its deepwater program, with reported AUM around $4.9 billion as of late 2018. Ridgewood Infrastructure's second fund closed with $1.2 billion. The firm deploys approximately $600 million annually in capital expenditures for drilling and development in the Gulf of Mexico.
Common questions
Does RIDGEWOOD ENERGY CORPORATION invest at the Series C+ stage?
Yes. RIDGEWOOD ENERGY CORPORATION lists Series C+ and other among the stages it invests in.
Where does RIDGEWOOD ENERGY CORPORATION invest?
RIDGEWOOD ENERGY CORPORATION invests in US-Deepwater-Gulf-of-Mexico.