Eccleston Law is actively seeking investors who have suffered losses investing in Ridgewood Energy, or any of the associated Ridgewood oil and gas drilling projects.
In an oil and gas deal or drilling limited partnership, an oil or gas company sells partnership units to investors and uses the money it raises to lease property and drill wells. In return for managing the project, the sponsor company usually takes an upfront fee that averages about 15-16% of one’s investment (commonly referred to as tangible and intangible drilling costs) and also shares in a percentage of any revenue generated. In return, the promoter offers the investor the prospect of a substantial first year tax write-off and quarterly cash distributions from the sale of any oil and gas the partnership finds until the wells run dry.
Drilling partnerships have always been a gamble, but recently, they have proven somewhat riskier than usual. This type of investment is very speculative, is a highly illiquid investment and can have a long holding period. Moreover, for many investors this investment may not be suitable.
Upon information and belief, recent Ridgewood Energy deals may not have produced returns in excess of investor's original capital. In addition, the following Ridgewood Energy funds may not have been suitable for investors:
- Ridgewood Energy Fund I
- Ridgewood Energy Fund J
- Ridgewood Energy Fund K
- Ridgewood Energy Fund L
- Ridgewood Energy Fund M
- Ridgewood Energy Fund N
- Ridgewood Energy Fund O
- Ridgewood Energy Fund P
- Ridgewood Energy Fund Q
- Ridgewood Energy Fund R
- Ridgewood Energy Fund R
- Ridgewood Energy Fund S
- Ridgewood Energy Fund T
- Ridgewood Energy Fund U
- Ridgewood Energy Fund V
- Ridgewood Energy Fund W
- Ridgewood Energy Fund X
- Ridgewood Energy Fund Y
- Ridgewood Energy Fund Z
If you have suffered losses investing in a Ridgewood Energy investment, drilling project, oil and gas deal, or fund, your losses may be recoverable through securities arbitration. Please call Eccleston Law Offices at (312) 332-0000 to discuss your recovery options.
Eccleston Law represents individual and institutional investors nationwide to recover their investment losses caused by unsuitable investment recommendations, breach of fiduciary duty, negligence or other misconduct. We have extensive experience representing investors in arbitration and litigation disputes with securities broker-dealers and investment advisory firms, and have recovered tens of millions of dollars for investors.
FinancialCounsel.com, hosted by James J. Eccleston, is a companion website to this blog, along with EcclestonLaw.com. It contains complementary material of general interest to investors and financial services professionals. Investors will find material on securities arbitration to recover investment losses; industry and financial markets intelligence; and strategies for estate planning. Professionals have access to material on broker/adviser registration, regulation, compliance and disciplinary proceedings; industry and financial markets intelligence; strategies for estate planning; and broker/adviser employment litigation and injunctions, including defamation and non-competition/solicitation issues. 
