Newly formed Ridge Runner Resources LLC, Midland, Tex., plans to pursue partnerships with other exploration and production companies and acquire acreage positions across the Delaware basin with a line of equity financing of as much as $300 million from Warburg Pincus.
Ridge Runner is led by Chief Executive Officer Scott Germann, a geologist with 20 years of financial and operational experience in the Permian basin. Germann grew and led Nadal & Gussman’s Permian business over the last few decades. Most recently, 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 Corp. for $1.1 billion in June 2017.
The senior executive team includes Chief Financial Officer Tim Patuwo, Chief Operating Officer Kelvin Fisher, and Vice-Pres., Business Development Brian Cassens.
