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.
RELATED
Recommended Reading
On the Market This Week (May 5, 2025)
2025-05-09 - Here is a roundup of marketed oil and gas leaseholds in the Permian, Williston and Appalachian basins and the Bakken, Haynesville and Eagle Ford shales.
Uncoiled: Viper Energy Rides Investor, M&A Wave to New Heights in ‘24
2025-03-25 - With its units coming off an all-time high, Viper Energy made a $4.45 billion Permian acquisition. VNOM units are gaining favor among Wall Street investors. It took more than a decade and several economic downturns to get there.
Evolution Buys Non-Op Assets in New Mexico, Texas, Louisiana
2025-03-04 - Evolution Petroleum said the acquisition adds 254 gross producing wells across three states and includes 440 boe/d of net production.
TXO Acquires White Rock’s Williston Assets for $350MM
2025-05-13 - TXO Partners' purchase in the Williston Basin's Elm Coulee Field is expected to add proved developed reserves of approximately 25 MMboe to TXO.
US Shale Gas Investor Wincoram Acquired by Stone Ridge Energy
2025-04-22 - PureWest Energy investor Wincoram Asset Management was acquired by Stone Ridge Energy, the companies said April 22.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.