Kimmeridge Sells 24.1% Stake in Texas Gas Assets to Abu Dhabi’s Mubadala Energy
New York-based Kimmeridge partners with Mubadala Energy, marking the Abu Dhabi firm’s U.S. market entry.
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Houston, TX — Kimmeridge, a New York-based energy investor, announced on April 10, 2025, the sale of a 24.1% stake in its Texas gas assets through SoTex HoldCo LLC to Abu Dhabi’s Mubadala Energy, marking the latter’s first major U.S. investment. The deal bolsters Kimmeridge’s operations in Texas while expanding Mubadala’s global gas portfolio.
The Details:
Portfolio Breakdown: SoTex includes Kimmeridge Texas Gas in the Eagle Ford Shale and Commonwealth LNG, a 9.3 million tonnes/year facility in Cameron, Louisiana.
Production Growth: Kimmeridge Texas Gas currently produces 500 million cf/d, aiming for 1.5 billion cf/d by 2031.
LNG Timeline: Commonwealth LNG expects a final investment decision in 2025, with first offtake in 2029.
Strategic Moves: Kimmeridge secured a Kinder Morgan Texas Pipeline deal to transport gas to Gulf Coast LNG facilities.
Why It Matters:
Mubadala’s entry into Texas signals confidence in the state’s energy hub status, aligning with its energy transition goals.
The Catch:
The deal awaits regulatory approvals—delays could impact timelines.
Bottom Line:
Kimmeridge’s partnership with Mubadala strengthens Texas’s role in the global gas market.