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.
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