Ridgewood Energy - Ridgewood Energy - Strategically Focused on Infrastructure
Generating wealth for institutional and high-net-worth individuals through the Ridgewood private investment funds’ investments in oil exploration and production, Ridgewood Energy has managed over $2 billion in investments since its founding in 1982. Focused for the last 24 years on projects solely in the United States’ waters of the Gulf of Mexico, the firm acquires working interests in federal and state leases and works with exploration and production companies that hold strong track records of successful drilling.
Founded by Robert E. Swanson, who possesses more than 30 years of experience in oil and gas exploration in the United States, Ridgewood Energy entered into a joint venture with Riverstone/Carlyle Global Energy and Power Funds in 2010. With private-equity funds focused on energy, Riverstone invested an initial $200 million for a 50-percent share in Gulf of Mexico deep-water exploration and production activities managed by Ridgewood Energy. Five of the prospects in which Riverstone is participating alongside Ridgewood Energy are scheduled for drilling beginning in 2011, 2012, and 2013.
Kenny Lang joined Ridgewood Energy in 2009 as President and Chief Operating Officer, bringing 24 years of experience from his career at BP, where he ultimately served as head of operations in the Gulf of Mexico. Based in New Jersey and Texas, the company includes a Houston team of geologists, petroleum engineers, and geophysicists who apply rigorous technical analysis to assess the viability of potential oil and gas projects. The team works closely with established exploration and production companies to add value to each project in which Ridgewood Energy funds invest.
Oil and gas production has occurred in the deep waters of the Gulf of Mexico for more than 60 years, with the technology, infrastructure, knowledge, and safety methods improving every year. Ridgewood Energy selects only project partners who share its high standards for performance and safety. As energy costs increase, companies are driven more than ever before to find and develop American oil reserves. Ridgewood Energy provides investors with an opportunity to own a piece of that exploration and production project, something typically accessible only by major exploration and production companies.