Riverstone formed Fieldwood Energy LLC ("Fieldwood Energy") in partnership with CEO Matt McCarroll and his team in December 2012 with a $600 million commitment from Riverstone Global Energy and Power Fund V. Since then, Fieldwood has successfully closed two material transactions. The acquisition of Apache's Gulf of Mexico (“GOM”) business unit closed in September 2013 and established Fieldwood as owner of the largest operated asset base on the GOM Shelf with year-end 2012 proved reserves of 239 Mmboe (55% oil, 75% developed) and production in excess of 95,000 boepd. In February 2014, Fieldwood closed the acquisition of SandRidge Energy Inc.'s GOM and Gulf Coast business unit, adding an additional 57 Mmboe (51% oil, 72% developed) proved reserves as of 01 December 2013 and production in excess of 25,000 boepd. Following these acquisitions, the Company has a leasehold comprising more than 650 blocks in the GOM.
Find out more on the Fieldwood Energy website.