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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.
2024-01-08 - Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
2024-02-27 - Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.
2024-01-19 - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks
2023-12-11 - Here’s a roundup of the latest E&P headlines, including a court ruling in favor of Welltec and new contract awards.