A PureWest-operated natural gas pad in the Pinedale field of Sublette County, Wyoming. Wincoram Asset Management is a PureWest owner. (Source: PureWest)
Stone Ridge Energy acquired Wincoram Asset Management, a capital provider and upstream natural gas investor.
The acquisition culminates a five-year joint venture (JV) between the two firms, in which they invested over $7 billion in energy producing assets, according to an April 22 statement. Financial terms of the acquisition were not disclosed.
Wincoram was an investor in a family office-led buyout of Wyoming natural gas producer PureWest Energy for $1.84 billion in 2023.
PureWest is a leading gas producer in the Green River Basin, where the company manages around 1,600 wells on behalf of Wincoram.
“This acquisition marks an important step in our journey delivering extraordinary business profitability, fighting energy poverty and building the industry's premier investor, owner and operator,” said Stone Ridge Founder and CEO Ross Stevens.
Following the acquisition, Stone Ridge owns a portfolio of over 17,000 natural gas wells, the company said. Stone Ridge also owns casualty reinsurance and bitcoin mining interests.
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