# Kimmeridge

Kimmeridge is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.kimmeridge.com
- **LinkedIn:** https://www.linkedin.com/company/kimmeridge

## About

Kimmeridge is an SEC-registered investment adviser in New York, NY, registered since 2012. The firm manages approximately $6.3 billion in regulatory assets. It has 73 employees and 20 investment advisers.

## Sectors

- Energy Transition & Renewables
- Real Estate
- Infrastructure

## Offices

- Denver, CO, United States

## People

- Ben Dell — Managing Partner & Co-Founder
- Neil McMahon — Managing Partner & Co-Founder
- Noam Lockshin — Senior Partner & Co-Founder

## Questions

### Who runs investment decisions at Kimmeridge?

Co-founder and Managing Partner Ben Dell leads the firm's investment strategy and public-engagement campaigns. He previously spent over a decade as the head of integrated energy research at Sanford C. Bernstein, where he developed a deep analytical framework for valuing oil and gas assets that continues to shape Kimmeridge's approach. Co-founders Neil McMahon and Noam Lockshin hold senior leadership roles alongside him.

### How does Kimmeridge source its deals?

The firm sources proprietary opportunities through its direct mineral- and surface-rights acquisition team, which targets large, often overlooked land packages in premier US basins. Its internal engineering and geological staff underwrite the subsurface quality before any purchase. In public markets, Kimmeridge builds positions based on the same technical view, identifying companies where its in-house operating expertise can unlock significant shareholder value.

### Is Kimmeridge an activist investor?

Kimmeridge functions as an engaged shareholder with a focus on operational and environmental performance. It takes board seats, negotiates settlement agreements, and publishes detailed public presentations critiquing management strategy — a posture it has taken with Ovintiv, Chesapeake Energy, and SilverBow Resources. Unlike generalist activists, the firm grounds its demands in basin-level engineering data and its own operating experience.

### Does Kimmeridge invest outside the United States?

Kimmeridge's mandate is heavily concentrated on US onshore hydrocarbons. There is no public record of the firm taking equity stakes, board seats, or mineral rights outside the US lower-forty-eight basins. The operational focus remains domestic, where legal frameworks for mineral ownership and environmental regulation align with its strategy of acquiring and decarbonizing producing assets.

### What is Kimmeridge Texas Gas?

Kimmeridge Texas Gas is the firm's wholly owned gas-weighted operating arm, built to hold and manage assets for extended time horizons. It publicly targets a net-zero emissions footprint at the wellhead level, achieved through onsite carbon capture, pipeline electrification, and rigorous leak detection. The vehicle illustrates the firm's thesis that fossil-fuel assets can be responsibly managed rather than simply sold off.

### Does Kimmeridge accept outside co-investment?

Kimmeridge is structured as an independent asset manager and has raised capital from institutional limited partners including endowments and foundations. The firm has used co-investment structures to acquire large-scale mineral packages where additional partnership capital made the acquisition economical and diversified basin risk. Specific LPs are not publicly disclosed unless announced alongside a transaction.

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- [Kilter Rural](https://altss.com/profile/kilter-rural)
- [Kinase](https://altss.com/profile/kinase)

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Last updated: 2026-06-03T20:00:00.000Z

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