Vinson Guides Ridgewood Energy's $1.1B Oil Equity Fund

Law360, New York (January 13, 2014, 12:26 PM EST) -- Ridgewood Energy Corp. has closed a new fund focused on oil exploration and production in the U.S.' deep waters of the Gulf of Mexico at $1.1 billion, nearly double the oil and gas investment company’s initial target, according to a Monday statement.

The Ridgewood Energy Oil and Gas Fund II LP, which had an original target of $750 million, is a continuation of the company’s investment program that focuses on drilling and developing high-potential new oil fields, Ridgewood Energy said.

A total of 39 institutional investors...
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