Abu Dhabi sovereign investment firm Mubadala Energy has bought a 24.1% stake in Kimmeridge’s SoTex HoldCo, which owns Kimmeridge Texas Gas and Commonwealth LNG – marking its first major investment in the US.
Kimmeridge Texas Gas’ current net production is over 500 MMcfe/d which is expected to grow organically to 1.5 Bcfe/d by 2031, while Commonwealth LNG is finalising key pre-FID workstreams ahead of taking FID later this year with first offtake from the LNG plant – which is targeting 9.3 million metric tonnes per year – planned for 2029.
Through SoTex, Kimmeridge is building the US’ first integrated gas independent to deliver low-cost natural gas from wellhead to water and meet burgeoning demand for LNG across global markets.
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