Ridgewood Energy

Name

Ridgewood Energy

Legal name

Ridgewood Energy Corporation

Website

https://ridgewoodenergy.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Private Equity / Energy Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB)

akta.pro secondary industry

Natural Resources — Energy & Mineral Resources (FSAAAKAJ)

Keywords

• Private equity investing
• Deepwater oil gas
• Gulf of America upstream
• Offshore energy investment
• Oil gas fund management

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Core offering

Ridgewood Energy is a private equity firm that invests in U.S. Deepwater Gulf of America oil and gas projects through managed funds, partnering with leading operators to develop producing fields, projects under development, and exploration prospects. The firm manages multiple private equity funds (e.g., Ridgewood Energy V Fund, Ridgewood Energy T Fund) and deploys capital across a diversified portfolio of conventional offshore oil and gas assets accessed via subsea tiebacks to floating production systems. Ridgewood also offers a Responsible Investing / ESG-aligned investment approach adhering to UN Principles for Responsible Investment.

Product overview

Ridgewood Energy is a private equity firm offering a diversified portfolio of U.S. Deepwater Gulf of America oil and gas investment opportunities. The company's core offering consists of direct investments in producing oil and gas fields, projects under development, and exploration prospects across the Gulf of America basin. The portfolio includes 35+ named assets (Beta, Big Bend, Buckskin, Cardona, Claiborne, Crawdad, Dantzler, Diller, Fiji/LaFemme, Katmai East/Northwest/West, Khaleesi, King's Quay, Kingsroad, Kingsroad South, Kodiak, Longclaw, Marmalard, Mission West, Mormont, Neidermeyer, Odd Job, Polaris, Praline, Samurai, South Santa Cruz, Spruance, Steelhead, Sunspear, Tchoupitoulas, Thibodeaux, and Yeti), operated by various independent energy companies including Talos, Walter Oil & Gas, Murphy Oil, Kosmos Energy, LLOG Exploration, and Beacon Offshore Energy. Production is facilitated through various floating production systems and subsea tiebacks. The firm also offers a responsible investing/ESG approach aligned with UN PRI principles targeting among the lowest-cost and lowest-carbon barrels in North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Ridgewood Energy Private Equity Funds (U.S. Deepwater Gulf of America Oil and Gas) Private equity fund vehicles that allow institutional investors to commit capital to direct investments in U.S. Deepwater Gulf of America oil and gas projects — producing fields, development projects, and exploration prospects — operated by leading partners such as Talos, Walter Oil & Gas, Murphy Oil, Kosmos Energy, LLOG Exploration, and Beacon Offshore Energy.
• Responsible Investing / ESG Services Ridgewood Energy's ESG-focused investment approach encompassing environmental, social, and governance factors. The firm targets low-carbon-footprint oil and gas production in the U.S. Deepwater Gulf of America, adhering to UN Principles for Responsible Investment and offering institutional investors an ESG-aligned exposure to offshore oil and gas.

Quantifiable outcome

• Projects can produce 15-20x more than typical onshore wells per barrel
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major and supporting.

• Walter Oil & GascoreStrategic or Co-development PartnerOperates the Beta multi-well deepwater oil discovery in the Ewing Bank area of the Gulf of America. Beta achieved first oil on July 9, 2016 and is producing through the Beta standalone drilling and production platform. Also operates the Claiborne Project via subsea tieback to the Beta production platform.
• Talos EnergycoreStrategic or Co-development PartnerOperates multiple projects including Big Bend (single-well deepwater oil discovery in Mississippi Canyon, first oil October 26, 2015, producing through Thunder Hawk facility), Dantzler (two-well subsea tieback), Katmai East (producing in Green Canyon), and is operator of the Monument oil discovery in Walker Ridge blocks.
• LLOG ExplorationmajorStrategic or Co-development PartnerOperates Buckskin project (acquired as a discovery), Praline (producing in Mississippi Canyon, discovery Q2-2017), and Spruance (producing in Ewing Bank, acquired as discovery Q3-2020).
• Beacon Offshore EnergycoreStrategic or Co-development PartnerOperates Claiborne Project (Mississippi Canyon, producing via subsea tieback to Beta platform), Fiji/LaFemme Project (producing via Delta House FPS), Steelhead (producing in Viosca Knoll), and the Monument oil discovery in Walker Ridge blocks.
• Murphy Oil CorporationcoreStrategic or Co-development PartnerOperates King's Quay FPS for the Khaleesi, Mormont, and Samurai discoveries; also operates Diller Project (developed as subsea tieback to Delta House), Katmai West, and Khaleesi. King's Quay facility also has capacity for other nearby discoveries.
• Kosmos EnergymajorStrategic or Co-development PartnerOperates Kodiak (producing in Mississippi Canyon, discovery Q1-2020) and South Santa Cruz Project (producing via subsea tieback to Blind Faith FPS operated by Chevron, discovery Q2-2015).
• SBM OffshoresupportingStrategic or Co-development PartnerOwner of the Thunder Hawk FPS production facility through which Big Bend and Dantzler fields produce in the Gulf of Mexico.
• Chevron CorporationsupportingStrategic or Co-development PartnerOperates the Blind Faith FPS facility through which the South Santa Cruz Project produces via subsea tieback in the Mississippi Canyon area.
• Delta House FPScoreStrategic or Co-development PartnerFloating Production System operated by Murphy Oil Corporation that supports production from multiple projects including Diller, Marmalard, and Neidermeyer through subsea tiebacks.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Others

• Talos Energy: Talos Energy is a leading U.S. Gulf of Mexico operator and a strategic operating partner on multiple Ridgewood projects (Big Bend, Dantzler, Katmai, Monument); included as an ecosystem participant and key counterparty rather than a direct PE competitor.

Direct peers

• Tailwater Capital: Tailwater Capital is a private equity firm focused on North American oil and gas upstream and midstream investments, with a similar non-operator co-invest model and direct comparability to Ridgewood's deepwater-focused strategy.
• Pearl Energy Investments: Pearl Energy is a Dallas-based private equity firm focused on North American upstream oil and gas with a similar non-operator partnership model and comparable deal sizes to Ridgewood's portfolio.
• Energy Capital Partners: Energy Capital Partners is a private equity firm focused on power generation, midstream, and energy infrastructure with material upstream investments, comparable to Ridgewood in energy-focused PE mandate and institutional LP base.
• EnCap Investments: EnCap is one of the largest energy-focused private equity firms in North America, investing across upstream oil and gas with a similar non-operator, sponsor-co-invest model to Ridgewood. Directly comparable in mandate, structure, and LP base.
• ArcLight Capital Partners: ArcLight is a private equity firm focused on energy infrastructure and power, with material upstream investments and a fund structure directly comparable to Ridgewood's energy infrastructure mandate.
• Quantum Capital Group: Quantum Capital Group is an energy-focused private equity firm investing across upstream oil and gas with a comparable non-operator sponsor model to Ridgewood, often partnering with operating companies in U.S. basins.

Broad incumbents

• Blackstone (Energy Partners): Blackstone Energy Partners is a large-scale private equity platform investing across the energy value chain including upstream oil and gas; broader and larger than Ridgewood but operates an overlapping energy PE mandate.
• KKR (Energy & Infrastructure): KKR's Global Infrastructure and Energy Real Assets funds invest in upstream oil and gas and energy infrastructure globally, with overlapping sector exposure to Ridgewood but at materially larger AUM scale.

Emerging players

• Waveland Ventures: Waveland Ventures is a smaller energy-focused private equity firm investing in U.S. oil and gas opportunities with a non-operator sponsor model, partially comparable in scale and approach to Ridgewood's deepwater strategy.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ridgewoodenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ridgewood Energy