Fieldwood owns interests in approximately 500 offshore blocks in the Gulf of Mexico. Our asset base is largely concentrated in the Gulf of Mexico Shelf in water depths of less than 1,000 feet, though the Company has also limited deepwater operations as well as properties onshore in Texas and Louisiana.
Our management team has extensive experience in the Gulf of Mexico, with a proven track record of success. Fieldwood Energy is led by CEO Matt McCarroll and other former senior executives of Dynamic Offshore Resources, LLC and Apache Corporation. This venture represents the second partnership between Riverstone and the Fieldwood Energy management team, who previously partnered successfully to build Dynamic Offshore Resources, LLC into one of the largest operators on the Gulf of Mexico Shelf prior to its sale in 2012.