Quantum Capital Group closed the $2.7 billion sale of Rockcliff Energy II LLC to TG Natural Resources LLC. (Source: Shutterstock)
Quantum Capital Group has closed the $2.7 billion sale of Haynesville Shale E&P Rockcliff Energy II LLC to TG Natural Resources LLC, Quantum said on Dec. 29.
Rockcliff, a portfolio company of Quantum Energy Partners, Quantum’s private equity division, was sold to TG Natural Resources, a subsidiary of Tokyo Gas. The Japanese company’s acquisition is part of a strategy to triple Tokyo Gas’ overseas profits in North America and elsewhere.
The Rockcliff acquisition, announced Dec. 16, increases TG Natural Resources’ volumes of gas and NGL by approximately 4x from an average 330 MMcf/d to 1,300 MMcf/d.
RELATED
Analysis: Will $2.7B Tokyo Gas-Rockcliff Deal Reopen Natgas M&A?
Recommended Reading
OPAL Begins Construction New RNG Facility at California Landfill
2024-11-07 - OPAL Fuels’ new facility located in Clara County, California, aims to produce approximately 5.1 million gas gallons equivalent of RNG annually by capturing and converting biogas from decomposed landfill materials.
‘Hydrogen is Happening’: Chevron Pushes Ahead Despite Industry Doubts
2024-11-06 - Facing a myriad of challenges that include policy uncertainty and costs, companies such as Chevron are moving forward with projects and partners to make progress.
SolarBank to Develop 3-MW Solar Plant in Canada
2024-11-06 - Called the West Petpeswick project, the DC ground mount community solar project adds to SolarBank’s plans to develop an additional 31 MW of solar projects in Nova Scotia, Canada.
Wind Energy Developer Ørsted Sees Profit Rise, US Challenges Remain
2024-11-05 - Danish wind company Ørsted reported a 4% increase in earnings and fewer impairments compared to a year ago but faced challenges with U.S. wind.
GLJ, Energy Fuse Form JV Aimed at CCS and EOR Projects
2024-11-05 - GLJ said the partnership with Energy Fuse aligns with the U.S.’ focus on integrating carbon sequestration activities into state legal frameworks.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.