Rye Ridge Resources

About Rye Ridge Resources

Rye Ridge Resources, LLC is a privately held oil and gas company headquartered in Denver, Colorado, that specializes in the acquisition of oil and gas minerals, royalties, non-operated working interests, and overriding royalty interests across the continental United States. Founded in 2015 by Reed Dixon, the firm was initially established to purchase mineral properties in the DJ Basin.

Founder and President Reed Dixon brought experience as a landman and project manager from Transcontinent Oil Company, where he managed mineral and lease buying projects throughout the Rocky Mountain region. His background also includes roles as a financial analyst in the manufacturing and tech sectors. The leadership team expanded to include Logan Heffner as Partner and VP of Engineering, and Christopher Colvin as Partner and VP of Business Development. Heffner previously served as a Senior Reservoir Engineer at Great Western Oil and Gas, focusing on the DJ Basin, and held engineering roles at QEP Resources and Goodrich Petroleum. Colvin has over a decade of experience as a Landman and Acquisitions Manager, notably with Samuel Gary Jr. & Associates, Inc., and was involved in forming Black Oak Exploration.

The company's business model centers on acquiring and aggregating oil and gas assets. It provides mineral rights owners with the option to receive a lump-sum cash payment for their future cash flows, thereby reducing their exposure to commodity price fluctuations and the uncertainties of future drilling activities. The company evaluates properties based on current and projected production, combined with forecasts for oil and gas prices. While initially focused on the DJ Basin, Rye Ridge Resources later shifted its primary concentration to the Uinta Basin, capitalizing on its team's specific skillset and the basin's re-emergence in horizontal drilling. The firm has successfully raised capital through various funds, including securing $11.55 million for its Fund II in 2023 and $16.41 million for its Fund III in 2024.