Ridgewood Energy has lost investors hundreds of millions of dollars. Many of the investors had no business being in highly speculative and illiquid drilling partnerships. Got Energy? This program includes a significant investment that Ridgewood Energy manages on behalf of affiliates of Riverstone Holdings, LLC, which is one of the largest energy-focused private equity firms in the world. This is a capital-intensive, speculative business. Ridgewood Energy currently manages a strategically focused deepwater Gulf of Mexico investment program with capital commitments of more than $5 billion. Ridgewood Energy T Fund, LLC operates as a private equity firm. Jds Energy, LLC listed there. Ridgewood Energy’s Fund III is the Texas and New Jersey-based investment company’s largest fund to date, significantly exceeding its $1.5bn target and closing with total capital commitments of more than $1.9bn. This Fourth Amendment to Credit Agreement (this “Amendment”) is entered into on August 10 th, 2018, by and among the following entities, as borrowers (each, a “Borrower” and, collectively, the “Borrowers”): Ridgewood Energy O Fund, LLC a Delaware limited liability company A supply glut in 2014 and 2015 led to some of the lowest prices the market has seen in recent years. All operating assets of the funds have been sold and the funds are all closed as of the end of 2015. For example, Ridgewood Energy Fund S (one of the “alphabet soup” of Ridgewood Energy Funds) takes out 4.5% of the investment as an “investment fee to the Manager”, 8% in sales commissions, 1% in “Placement Agent Fees,” and an additional 3.5% in “Organizational distribution and other fees”. Ryan Stewart is a Managing Director of Ridgewood Infrastructure with significant infrastructure investing experience, most recently serving as Managing Director for Fortress Investment Group’s infrastructure business. While the manager of Ridgewood Energy Y Fund made a lot of money, the investors lost money. Ridgewood Energy has raised more than two billion dollars from investors. There is no market for Ridgewood Energy Y fund. The Alerian MLP Index (AMLP), comprised of 24 energy Master Limited Partnerships has fallen sharply, as has the S and P Oil and Gas Exploration and Production ETF (XOP). If you were sold Ridgewood Energy Y fund and are interested in pursuing your losses, please contact us. The Company serves geophysical, geological, and other exploration services for oil and gas. Bob Swanson is Chairman/CEO/Founder at Ridgewood Energy Corp. See Bob Swanson's compensation, career history, education, & memberships. The Ridgewood Energy X Fund, LLC (the “Fund”), a Delaware limited liability company, was formed on August 30, 2007 and operates pursuant to a limited liability company agreement (the “LLC Agreement”) dated as of January 2, 2008 by and among Ridgewood Energy Corporation (the “Manager”) and the shareholders of the Fund, which addresses matters such as the authority and voting rights of the … Ridgewood Energy is a private equity firm focused on investments in the Deepwater Gulf of Mexico. Because of the high commissions, Ridgewood Energy raised over $1 billion over the last decade. schedule of exhibits and schedules . We have conducted a comparative analysis of the balance sheet and the income statement of RIDGEWOOD ENERGY S FUND LLC (hereafter – the "Company") for the year 2019 submitted to the U.S. Securities and Exchange Commission (SEC). That volatility has negatively affected investors with more than 10% of their investments in oil and gas stocks or bonds. Financial position and performance history. The Ridgewood Energy Funds are complicated, the units do not trade, and most brokers do not read the actual offering materials. The company's File Number is listed as 0600066068. Ridgewood Energy O Fund, LLC Rahr Energy Investments LLC 5 - Overriding Royalty Pay.gov receipt in the amount of $145.00 Upon filing this document as requested, please return a stamped copy to my attention. Ridgewood Energy Fund Y is a good example of why these speculative investments should have been sold only to high net worth, knowledgeable investors who wanted to speculate. The primary business activity of the company is Oil and Gas Field Exploration Services (SIC code 1382). That isn’t even all the fees: in addition, Ridgewood Energy subsidiaries charge Ridgewood Energy high fees every year for leasing, managing and administering the investments. RIDGEWOOD ENERGY Y FUND, LLC: DELAWARE LIMITED-LIABILITY COMPANY: WRITE REVIEW: Address: 2711 Centerville Rd Suite 400 Wilmington, DE 19808: Registered Agent: Corporation Service Company: Filing Date: March 25, 2008: File Number: 4523674: Contact Us About The Company Profile For Ridgewood Energy Y Fund, LLC gordy oil company . Oil and gas stocks have lost, on average, 50%. RIDGEWOOD ENERGY I FUND, LLC: LOUISIANA LIMITED-LIABILITY COMPANY (NON-) WRITE REVIEW: Address: 500 Delaware Ave Wilmington, DE 19801: Registered Agent: C/O Rec: Filing Date: March 19, 2007: File Number: 36407269Q: Contact Us About The Company Profile For Ridgewood Energy I Fund, LLC Other Investments Undine Carolina Marine Terminal SiEnergy Neptune Transmission Line Vista Ridge Learn more about our approach to investing […] Other Investments Undine Carolina Marine Terminal SiEnergy Neptune Transmission Line Vista Ridge Learn more about our approach to investing in essential infrastructure in the U.S. lower middle […] People who bought it because their broker told them it would pay a nice, steady distribution, instead find themselves stuck with a certificate they can’t sell that is no longer paying them income. Ridgewood Energy employees earn $49,000 annually on average, or $24 per hour, which is 30% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at Ridgewood Energy is an Investor Relations Coordinator at $48,000 annually. In addition, Ridgewood Energy funds are not traded and cannot be sold. All Rights Reserved. executed on august 10, 2018 . Ridgewood Energy. Jds Energy, LLC is a licensee, associated with the address Ridgewood Energy is a “direct placement program.” This means that its units are directly sold by brokers to customers. 13% of the amount invested in a Ridgewood Fund went to fees—right off the top. Even with recent upturns, geopolitical problems have limited the anticipated recovery. In June 2014, the West Texas Intermediate spot price was over $106 per barrel. Leads by Industry Top Companies Company Search People Search Solutions About Us. Ridgewood Energy focuses on the exploration and production of oil fields in the deepwater U.S. Gulf of Mexico. Ridgewood Energy Bluewater Oil Fund IV, LLC Ridgewood Energy Oil & Gas Fund II, L.P. Ridgewood Energy Oil & Gas Fund III, L.P. Free, No Risk Consultation. All Ridgewood Energy funds have very high upfront fees, an annual management fee of 2.5%, and many conflicts of interests. Its stock is very speculative. Visit Website SíEnergy SíEnergy is a regulated natural gas utility providing essential natural gas service to approximately 30,000 customers in the Houston, Dallas-Fort Worth, and Austin metropolitan areas. ILX Holdings III LLC (“ILX III”) is a Houston-based repeat joint-venture with Ridgewood Energy Corporation (“REC”). Brokers compared their distributions to the low returns offered by banks, bonds and C.D.s. Mark Identification: RIDGEWOOD ENERGY: Last Applicant/Owner: Ridgewood Capital Group, LLC … All Rights Reserved. Ridgewood Energy Corporation operates as a private equity firm. View Ridgewood Energy A-1 Fund LLC contracts and agreements from SEC filings. Ridgewood Energy Oil & Gas Fund IV, L.P. Funding details Ridgewood Energy Oil & Gas Fund IV, L.P. Industry: Pooled Investment Fund CIK Number: 0001780386 IRS Number: 352661218 Address: 14 PHILIPS PARKWAY MONTVALE 07645 Phone number: (201) 447-9000. ridgewood energy w fund, llc, ridgewood energy a-1 fund, llc and. 10 likes. The company's filing status is listed as Active and its File Number is 40070231Q. Advanced Search Sign Up. The new entity, which represents the third partnership with REC since 2010, is focused on the same strategy of acquiring non-operated working interests in deepwater Gulf of Mexico in areas where first production is accelerated by accessing existing nearby infrastructure and where analogous … The White Law Group, LLC is a national securities fraud, securities … Including company executives, business partners, clauses and more. Company USD ($), in Millions; Revenue Assets; Transatlantic Petroleum Ltd: 67: 137: RIDGEWOOD ENERGY O FUND LLC: 12: 27: RIDGEWOOD ENERGY W FUND … We have conducted a comparative analysis of the balance sheet and the income statement of RIDGEWOOD ENERGY Y FUND LLC (hereafter – the "Company") for the year 2019 submitted to the U.S. Securities and Exchange Commission (SEC). With more than two decades of experience investing in Gulf of Mexico oil and gas projects, Ridgewood Energy has earned its reputation as a reliable, professional, value-adding project partner to many leading energy companies. Ridgewood Energy, Montvale, New Jersey. We have conducted a comparative analysis of the balance sheet and the income statement of RIDGEWOOD ENERGY Q FUND LLC (hereafter – the "Company") for the year 2019 submitted to the U.S. Securities and Exchange Commission (SEC). There are other large fees taken out of any investment. Brokers who sold these illiquid, high commission and speculative products are having to repay investors if these investments were not suitable for them. The Ridgewood Energy Funds are complicated, the units do not trade, and most brokers do not read the actual offering materials. A retiree who was sold Ridgewood Energy is stuck. Individual Subscription; Law Insider for Teams; Education and Government; Learn More. If you are concerned about your investment in Ridgewood Energy Oil & Gas Fund III or another Ridgewood Energy offering, please contact The White Law Group at 1-888-637-5510 for a free consultation. State ID: 4760644. Ridgewood Energy Fund distributions are, to some extent, a return of capital. NEW YORK, Sept. 30, 2019 /PRNewswire/ -- Ridgewood Infrastructure LLC ("Ridgewood "), a leading infrastructure investor in the U.S. lower middle market, today … Iii ” ) interested in pursuing your losses, please contact Us of capital Fund made lot. Will buy funds business partners, clauses and more June 2014, the investors had business. Fields in the Deepwater U.S. Gulf of Mexico Number 0001214659-17-001567 - Filing SEC! A retiree who was sold Ridgewood Energy T Fund, LLC is a licensee, associated with cost. While the manager of Ridgewood Energy funds have been sold and the funds ridgewood energy llc sold by brokers who sold and! 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