Ridgewood Energy closes latest fund at $1.1 billion

Ridgewood Energy Corp.

Ridgewood Energy Corp., a private upstream oil and gas investment company based in Montvale, New Jersey, and Houston, Texas, has closed its latest private equity fund, Ridgewood Energy Oil and Gas Fund II LP, with total commitments of $1.1 billion, reaching its hard cap. 

The fund, which had an original target amount of $750 million, has been formed by Ridgewood to invest in exploration and production of oil projects in the US deep waters of the Gulf of Mexico.

Fund II has already invested in two oil wells, one of which, the Dantzler Project, was drilled in partnership with Noble Energy Inc. (NYSE: NBL) and resulted in an oil discovery.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...