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Ridge Runner Resources

Stage

Private Equity | Alive

Total Raised

$300M

Last Raised

$300M | 5 yrs ago

About Ridge Runner Resources

Ridge Runner Resources is an oil and gas exploration and production company.

Headquarters Location

1999 Bryan Street Suite 90

Dallas, Texas, 75201,

United States

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Latest Ridge Runner Resources News

Ridge Runner Resources’ $300 Million Equity Fianancing

Feb 13, 2018

Vinson & Elkins advised Ridge Runner Resources, LLC on the transaction Ridge Runner Resources, LLC, a newly formed oil and gas exploration and production company focused on the Delaware Basin, has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing. Ridge Runner intends to leverage its regional expertise and deep network of local relationships to pursue partnerships with exploration and production operators as well as to acquire and develop meaningful acreage positions across the Delaware Basin. The Company is led by Chief Executive Officer Scott Germann, an Exxon-trained geologist with more than 20 years of financial and operational experience in the Permian Basin. Mr. Germann organically grew and led Nadal & Gussman’s successful Permian business over the last couple decades. Most recently, Mr. Germann served as President of BC Operating, where he led the company’s oil and natural gas exploration, development, and production efforts in the Delaware Basin, until the sale of the company to Marathon Oil for $1.1 billion in June 2017. Ridge Runner Resources is a newly formed oil and gas exploration and production company focused on the Delaware Basin. The company is led by Scott Germann and a senior team of experienced oil and gas professionals in the Permian Basin. Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm’s active portfolio of more than 150 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 17 private equity funds which have invested more than $60 billion in over 800 companies in more than 40 countries. V&E advised with a team including partner Matt Strock (Picture) with assistance from senior associate Matt Falcone and associate Brittany Smith. Also advising were partner David Peck and associate Lauren Meyers; partner Sean Becker; and partner Stephen Jacobson and associate Austin Light.

Ridge Runner Resources Frequently Asked Questions (FAQ)

  • Where is Ridge Runner Resources's headquarters?

    Ridge Runner Resources's headquarters is located at 1999 Bryan Street, Dallas.

  • What is Ridge Runner Resources's latest funding round?

    Ridge Runner Resources's latest funding round is Private Equity.

  • How much did Ridge Runner Resources raise?

    Ridge Runner Resources raised a total of $300M.

  • Who are the investors of Ridge Runner Resources?

    Investors of Ridge Runner Resources include Warburg Pincus.

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