What Riverside Energy Group does

Riverside Energy Group is a privately held, Houston-area-headquartered upstream oil and gas producer focused on acquiring, optimizing, and developing mature onshore assets in the Antrim Shale of northern Michigan and the New Albany Shale of southwestern Indiana. Founded in 2010 by Rob Gerhard and formed as Riverside Energy Holdings LLC in 2016 through a partnership between White Deer Energy and Umbono Capital, the company has grown via eleven acquisitions to become Michigan's largest natural gas producer, operating approximately 5,600 of the ~7,000 wells in which it holds working interests and delivering 85 net MMcf of natural gas per day. Its Indiana subsidiary, Riverside Petroleum Indiana, operates 30 natural gas wells, 78 oil wells producing 200 bopd net, and an oilfield with ~200,000 acres of leasehold containing significant proved undeveloped potential.

Riverside's technology stack centers on carbon capture and storage (CCS) infrastructure and CO2 enhanced gas recovery (EGR), with its wholly owned subsidiary Riverside Carbon Solutions operating Michigan's largest CCS facility and capturing an estimated 450,000–500,000 tons of CO2 per year. The company is pursuing Michigan's first Antrim Shale CO2 EGR operation at Chestonia/Kearney, with projected incremental recovery of 3.1–7.7 Bcf. The firm controls more than 650,000 acres in the Antrim formation and 300,000 acres of deep rights in Michigan, supplemented by in-house seismic capabilities for the New Albany Shale play.

Revenue is generated almost entirely through direct B2B sales of commodity natural gas and crude oil produced from Michigan and Indiana assets, delivered via company-owned gathering pipelines, central production facilities, and processing infrastructure; CCS activities are positioned to support both enhanced recovery and third-party sequestration. Customers comprise downstream natural gas buyers (utilities, power generators, industrial users), oil purchasers, industrial CO2 emitters, and mineral rights holders with whom Riverside maintains lease and royalty arrangements. Backed by $2.2B of capital commitments across White Deer Energy's two funds and Umbono Capital's natural resources platform, Riverside employs more than 250 people across Michigan, Indiana, and Texas.

Name

Riverside Energy Group

Legal name

Riverside Energy Group (including Riverside Energy Michigan, LLC and Riverside Petroleum Indiana, LLC)

Website

https://riversideenergygroup.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Riverside Energy Group is a privately held upstream oil and gas producer that acquires, optimizes, and develops mature onshore assets in Michigan's Antrim Shale and Indiana's New Albany Shale, operating 5,600+ wells and Michigan's largest carbon capture and storage facility.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Natural Gas Extraction (21113), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

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

akta.pro secondary industries

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM), Produced Water Management & Treatment (Handling, Disposal, Reuse) (EUAAAAAN), Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane) (EUABABAL)

Keywords

• Upstream oil and gas
• Natural gas production
• Carbon capture storage
• Hydrocarbon asset acquisition
• Shale exploration development

Headquarters

HQ city

The Woodlands

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Natural Gas Production and Sales: Revenue generated from the production and sale of natural gas extracted from Antrim Shale in Michigan and New Albany Shale in Indiana. The company operates thousands of wells producing natural gas sold to downstream buyers in the energy market.
2. Oil Production and Sales: Revenue from oil production operations, including 200 barrels of oil per day from Indiana operations and additional oil production from Michigan wells
3. Carbon Capture and Storage Services: Through Riverside Carbon Solutions subsidiary, the company operates carbon capture and storage services, sequestering approximately 450,000 tonnes of CO2 per year from Antrim Shale operations

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Riverside Energy Group acquires, optimizes, and develops upstream oil and gas properties, operating 5,600 wells across the Antrim Shale in Michigan and the New Albany Shale in Indiana, producing 85 net MMcf of natural gas per day plus crude oil. Through its wholly owned subsidiary Riverside Carbon Solutions, the company operates Michigan's largest carbon capture and storage facility, sequestering over 500,000 tons of CO2 annually.

Product overview

Riverside Energy Group is an oil and gas exploration and production company with a unified portfolio of upstream assets and carbon capture operations. The core offering consists of Riverside Energy Michigan (Antrim Shale natural gas production and CCS operations) and Riverside Petroleum Indiana (New Albany Shale gas and oil production), unified under the parent company and supported by Riverside Carbon Solutions. Enhanced Gas Recovery Operations represent an advanced CO2 injection feature that extends the life of producing gas wells while sequestering carbon dioxide.

Differentiator

Problem solved

Functional benefit

Brands

• Riverside Carbon Solutions: Wholly owned subsidiary operating Michigan's largest carbon capture and storage facility

Products and services

• Riverside Energy Michigan Michigan's leading natural gas producer anchored in the Antrim Shale play, maintaining working interests in approximately 7,000 wells and operating 5,600 wells across northern Michigan, delivering 85 net MMcf of natural gas daily. Also houses Michigan's largest carbon capture and storage (CCS) facility.
• Riverside Petroleum Indiana Owns and operates natural gas wells in the New Albany Shale of southwest Indiana producing over 4,000 Mcf per day and an oilfield producing 200 barrels of oil per day (net) from 78 wells. Manages a leasehold of nearly 200,000 acres with significant proved undeveloped gas and oil potential.
• Riverside Carbon Solutions Wholly owned subsidiary operating Michigan's largest carbon capture and storage facility, sequestering approximately 450,000 to 500,000 tonnes of CO2 per year from Antrim Shale production operations, advancing sustainability solutions for the Midwest.

Quantifiable outcome

• 56% market share of Michigan natural gas production
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor.

• RNG CoalitionminorOthersProud member of the RNG Coalition, indicating Riverside's involvement in the renewable natural gas industry and commitment to sustainable energy solutions.
• Local Emergency Services (Michigan)minorOthersRiverside maintains strong relationships with local emergency services including fire departments and law enforcement in Michigan for pipeline safety and incident response.
• Local Emergency Services (Indiana)minorOthersRiverside maintains strong relationships with local emergency services including fire departments and law enforcement in Indiana for pipeline safety and incident response.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Expand Energy: Largest U.S. natural gas producer formed via the Chesapeake/Southwestern Energy combination, with a giant-scale Haynesville, Marcellus, and Utica footprint. Comparable given concentration in large-volume, low-cost gas basins and investments in emissions reduction.
• EQT Corporation: Largest U.S. natural gas producer focused on the Marcellus and Utica shales. Most comparable peer given scale of low-decline gas production, midstream integration, and growing focus on certified gas and carbon management to serve premium-priced buyers.
• Range Resources: Appalachia-focused natural gas and NGL producer with a long reserve life and emphasis on responsible operations. Comparable to Riverside as a gas-weighted E&P touting low emissions intensity and consistent production.
• CNX Resources: Appalachian pure-play natural gas producer that has been an industry leader on emissions intensity and methane abatement initiatives. Closely comparable to Riverside's positioning of low-cost, low-emission gas with adjacent carbon-management credentials.
• Mach Natural Resources: PE-backed (prior to its public listing), low-cost natural gas E&P with operations concentrated in the Anadarko Basin. Most directly comparable on the private-equity-backed, gas-weighted, consolidation-oriented playbook that resembles Riverside's Antrim strategy.
• Antero Resources: Appalachian pure-play natural gas E&P with large-scale production, firm transportation, and an industry-leading low-cost position. Comparable to Riverside in emphasizing low-decline gas volumes and infrastructure ownership.
• Coterra Energy: Diversified E&P with a meaningful Marcellus gas weighting alongside Permian and Anadarko production. Relevant peer for the gas-focused subset of Riverside's portfolio, with a similarly disciplined capital-return orientation.

Broad incumbents

• Occidental Petroleum: Major integrated E&P whose 1PointFive subsidiary is building one of the world's largest carbon capture and sequestration platforms. Comparable as a CCS benchmark and competitor for industrial CO2 sequestration contracts, though far larger and diversified beyond Riverside's core gas business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/riverside-energy-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Riverside Energy Group