Warwick Energy Group


Warwick Energy Group is the largest platform of Warwick Group, an alternative asset private equity firm. The firm has approximately $2 billion in managed assets and has completed over 1,000 transactions since inception. Warwick invests its own capital alongside its partners' capital. Warwick was founded in 2010 and is a premier provider of private equity capital in the US upstream energy, renewable energy and real estate industries.
Current investments of note include ownership of the largest private company in the core of the STACK and SCOOP oil and gas fields in Oklahoma, and an interest in the Eagle Ford Shale oil field in Karnes and Live Oak Counties, Texas. Previous divestitures include assets located in the Midland Basin in Texas, the Powder River Basin in Wyoming, the Fayetteville Shale in Arkansas, the Delaware Basin in Texas and the Bakken Shale in North Dakota. Current Warwick Energy Group funds are focused on investment in low cost oil basins in Texas, New Mexico & Oklahoma.
Warwick has approximately 70 investment professionals. The company's technical staff includes industry veterans from global energy companies such as Continental Resources, Chesapeake Energy, EOG Resources, Devon Energy, Anadarko Petroleum, Chevron, and ConocoPhillips.
In June 2019, Warwick's CEO, Kate Richard was selected as EY's Entrepreneur Of The Year 2019 Southwest Award for FinTech & Financial Services
In January 2019, Warwick was featured by the Kayo Conference Series as one of the "Top 19 in 2019 - Buyout Funds Founded by Women."
In October 2018, Warwick's CFO, Brian Blad was named one of Oil & Gas Investor's "Forty Under 40 in Energy"

History

Warwick was founded in 2010 by CEO Kate Richard, a former investment banker with Goldman Sachs and energy investor for Serengeti Asset Management and MSD Capital, Michael Dell's private investment fund in New York. In 2013, Warwick invested capital of its first special purpose acquisition entity, Warwick Partners I, LLC.

Investments

Below is a summary of Warwick's investment vehicles since its inception in 2010.
InvestmentVintage YearFocus Area
Warwick Partners I, LLC2013Permian Basin, Mid-Continent basins
Warwick Partners II, LLC2014Eagle Ford Shale, Mid-Continent basins
Warwick Partners III, L.P.2015SCOOP, STACK, Permian Basin, Eagle Ford Shale, Fayetteville Shale
Royalties Joint Venture2015Permian Basin, Mid-Continent basins
Warwick Partners IV, L.P.2019Delaware Basin, Midland Basin and Eagle Ford Shale

Activities

Warwick focuses on acquiring and consolidate acreage positions in core oil and gas fields across the United States, with a particular focus on New Mexico, Texas and Oklahoma. In late 2014 after commodity prices collapsed, Warwick profited by targeting "core-of-core" low cost areas where drillers could produce profitably despite low hydrocarbon prices. In an interview with Fortune, CEO Kate Richard said that the company's assets can break even at $30 per barrel oil prices and see 20%-50% returns at between $40 and $50 per barrel oil prices in the SCOOP and STACK plays in Oklahoma.
Warwick invests heavily in data science and software technologies to explore profitable opportunities and expand acreage positions quickly. The company has hired data scientists and software developers from Silicon Valley to build big data capabilities and predictive models.