Stone Ridge Holdings Group, a financial services firm focused on alternative asset management, reinsurance, and bitcoin, announces that its energy platform, Stone Ridge Energy (“SRE”), entered into a definitive agreement to acquire a major portfolio of Oklahoma energy assets from ConocoPhillips for approximately $1.3 billion.

This marks SRE’s second acquisition this year, after purchasing over $1 billion of energy assets in Colorado, bringing SRE’s investments in upstream energy assets to ~$9 billion since the platform's launch in 2021. Matching increasing energy demand from bitcoin mining, AI data centers, and LNG-dependent countries with its more than 11 GW natural gas energy supply, SRE seeks to deliver significant, persistent, and uncorrelated returns. Overall, Stone Ridge has generated $9 billion of trading profits for investors since the beginning of 2023.

Stone Ridge-controlled affiliate NYDIG pioneered technology to facilitate profitable consumption of otherwise stranded energy throughout the life cycle of a natural gas well, giving SRE a significant competitive advantage. 

“Powered by a uniquely non-fiat focused energy platform, SRE’s investing and operational advantages are accelerating, transforming the energy landscape,” said Ross Stevens, Founder & CEO of Stone Ridge. “This acquisition marks a key milestone in our commitment to safeguard sound money while utilizing innovative solutions to efficiently help meet soaring global energy demand.”

KeyFacts Energy Industry Directory: Stone Ridge Energy