Fieldwood Energy

What Fieldwood Energy does

Fieldwood is a Houston-based portfolio company of Riverstone Holdings. Fieldwood is focused on the acquisition and development of conventional oil and gas assets in North America, including the Gulf of Mexico. Fieldwood is led by CEO Matt McCarroll and other former senior executives of Dynamic Offshore Resources. This venture represents the second partnership between Riverstone and the Fieldwood management team, who previously partnered successfully to build Dynamic Offshore Resources into one of the largest operators on the Gulf of Mexico Shelf.

Name

Fieldwood Energy

Legal name

FIELDWOOD ENERGY LLC.

Website

https://www.fieldwoodenergy.com

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Fieldwood Energy acquires and develops conventional oil and gas assets in North America.

Ownership category

akta.pro rank

Product category

Offshore Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112), Crude Petroleum Extraction (211120), Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

akta.pro secondary industries

Offshore Natural Gas E&P (Shallow & Deepwater) (EUAAAAAF), Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

Keywords

• Offshore oil production
• Hydrocarbon exploration and production
• Production sharing contracts
• Shallow water drilling
• Upstream oil and gas

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Hydrocarbon Production and Sales: Fieldwood Energy operates under production sharing contract CNH-R01-L02-A4/2015 to extract and sell oil and gas from the Ichalkil-Pokoch fields. Revenue is generated through the sale of extracted hydrocarbons (light crude oil and natural gas) under the shared production arrangement with the Mexican government.

Distribution channels1 record

Marketing channels3 records

Core offering

Fieldwood Energy operates the Ichalkil and Pokoch offshore oil and gas fields located 80 km from Ciudad del Carmen, Campeche, Mexico, in the Cuencas del Sureste oil province. Under Contract CNH-R01-L02-A4/2015, the company extracts light crude oil and natural gas from Cretaceous and Jurassic reservoirs at drilling depths exceeding 5,500 meters in 45-meter water depths. The 58 km² Contractual Area 4 contains 2P reserves of 564.2 million barrels of oil and 543.1 billion cubic feet of gas.

Product overview

Fieldwood Energy E&P México is a Mexican oil and gas exploration and production company established in 2015, operating as the operator of the Ichalkil and Pokoch offshore fields under Contract CNH-R01-L02-A4/2015. The core offering is the Ichalkil-Pokoch Project for hydrocarbon extraction in shallow waters off the coast of Campeche, supported by the SASSA (Safety, Health, and Environment Management System) for operational compliance. The company also operates social initiative programs focused on community development, environmental conservation, and sustainability, and maintains a structured procurement and tendering process for contracting services and supplies.

Differentiator

Problem solved

Functional benefit

Products and services

• Ichalkil-Pokoch Project Offshore oil and gas exploration and production project located in shallow waters 80 km from Ciudad del Carmen, Campeche, Mexico, operating under Contract CNH-R01-L02-A4/2015. The 58 km² Contractual Area 4 contains 2P reserves of 564.2 million barrels of light oil and 543.1 billion cubic feet of gas in Cretaceous and Jurassic reservoirs, extracted at drilling depths exceeding 5,500 meters in 45-meter water depth. Hydrocarbons are produced and sold under a production sharing arrangement with the Mexican government.

Quantifiable outcome

• Production capacity of approximately 11.4 million barrels per day making Carso the largest Mexican private oil operator by production
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered secondary and core.

• UNACAR (Universidad Autónoma del Carmen)secondaryStrategic or Co-development Partner · 1 June 2025Partnership for sea turtle conservation program with a donation of USD 149,000 in June 2025. UNACAR biologists conduct research and fieldwork focused on protecting nesting areas, monitoring reproduction cycles, and reinforcing conservation actions for endangered marine turtle species including green turtle, hawksbill turtle, and Kemp's ridley turtle.
• Petrobal (Petrobal Upstream Delta 1, S.A. de C.V.)coreStrategic or Co-development Partner · 5 November 2021Consortium partner with Fieldwood Energy E&P México under production sharing contract CNH-R01-L02-A4/2015 for the development and extraction of hydrocarbons in the Ichalkil and Pokoch fields. Both parties invested over US$1.2 billion in the exploration, development, construction and infrastructure required to achieve production. Petrobal is a subsidiary of Grupo BAL.
• Talos Energy Inc. (Mexican Unit)secondaryStrategic or Co-development PartnerThrough majority control of Talos Energy Inc.'s Mexican unit, Grupo Carso/Slim holds a significant stake in the giant Zama oil field and has partnered with state-owned Petroleos Mexicanos on deepwater and gas drilling projects.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hokchi Energy: Mexican private offshore oil and gas operator also awarded acreage in Round 1 under similar production-sharing contract terms, with comparable shallow-water Gulf of Mexico profile and similar consortium structure. Direct competitor for Mexican private offshore investment and operating talent.
• Pan American Energy: Privately-controlled upstream operator with a similar Latin American focus, comparable in being a private E&P held by a major business group (Grupo Bulgheroni/Bridger) with substantial reserves and mid-cap scale. Both are private, conglomerate-backed, regional upstream operators.
• Talos Energy: US-listed independent E&P with active operations in Mexican offshore via the Zama field; Grupo Carso holds a stake in Talos Mexico per disclosed data. Directly comparable in Mexican Gulf of Mexico acreage position and shallow-to-moderate water depth operating profile.
• Perenco: Privately-held international E&P operator focused on mature, conventional offshore and onshore assets, often acquired from majors. Similar in being a private, mid-cap, cost-disciplined upstream operator with a long-term asset holding model.
• Neptune Energy: Privately-held mid-cap European E&P operator producing oil and gas from offshore and onshore assets. Comparable in scale, private ownership structure (backed by Carlyle/CPPIB), and conventional offshore asset profile.
• Harbour Energy: UK-listed mid-cap upstream operator with a portfolio of offshore and onshore production assets, comparable in scale, conventional asset base, and being a focused regional E&P operator rather than a diversified supermajor.
• W&T Offshore: Independent US offshore operator focused on Gulf of Mexico shallow-water production, similar operational profile (shallow water, conventional reservoirs, mid-cap scale). Provides a useful US-listed comparable for Fieldwood's operating model.
• Vår Energi: Norwegian private E&P operator (majority-owned by Eni) producing from Norwegian Continental Shelf fields, comparable in scale, being a focused mid-cap private upstream operator with substantial reserve base and offshore production profile.

Broad incumbents

• Eni Mexico: Italian major's Mexican subsidiary operates the Miztón and other offshore fields under similar CNH production-sharing contracts. Comparable in Mexican Gulf of Mexico offshore shallow-water operations, but with the broader balance sheet and global portfolio of a supermajor.
• Repsol Mexico: Spanish integrated major with offshore Mexican acreage in the Gulf of Mexico under similar CNH framework. Operates at much larger scale globally but is directly comparable as a foreign IOC operating Mexican offshore production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors2 records

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 Fieldwood Energy