SUBSCRIBE
PROFILE

Mubadala Energy enters US market with stake in SoTex

Mubadala Energy acquires 24.1% of Kimmeridge’s SoTex HoldCo, marking its first foray into the US gas and LNG market.

Share:

Comprehensive energy news coverage, updated nonstop

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 $/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

Mubadala Energy, the international energy company based in Abu Dhabi, has finalised an agreement with energy-focused asset manager Kimmeridge to acquire a 24.1% stake in SoTex HoldCo LLC. The transaction, executed through the issuance of new equity, marks Mubadala Energy’s first operation in the US gas sector.

Two strategic assets in gas and LNG

SoTex HoldCo owns two key subsidiaries: Kimmeridge Texas Gas, which operates in unconventional gas exploration and production in the Eagle Ford region of South Texas, and Commonwealth LNG, responsible for a liquefaction and export project located at the mouth of the Calcasieu Pass in Louisiana. The Commonwealth LNG site is designed for an annual capacity of 9.3 million metric tonnes. The project is currently in the final stages of pre-investment decision preparations, with exports expected to begin by 2029.

Kimmeridge Texas Gas currently produces over 500 million cubic feet equivalent per day (MMcfe/d), with plans for organic growth to reach 1.5 billion cubic feet equivalent per day (Bcfe/d) by 2031. Through SoTex, Kimmeridge aims to establish the first fully integrated independent gas operator in the United States, delivering low-cost natural gas from wellhead to export.

Expansion of Mubadala Energy’s gas portfolio

This entry into the North American market forms part of Mubadala Energy’s international strategy to expand its presence across the gas value chain. The transaction enhances the geographic scope of the company’s gas portfolio and is built upon a mix of producing assets and development-stage infrastructure.

The US market, recognised for its depth and infrastructure quality, presents a favourable environment for asset transfers and growth transactions. This deal also positions Mubadala Energy to capitalise on global LNG demand trends, particularly in fast-growing sectors such as energy-powered data centres.

  • Popular on energynews.pro
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
Kyoto Group commissions world’s largest industrial thermal storage unit in Hungary
EIB grants €200mn to Dolomiti Energia for wind projects and grid upgrades in Italy
Clariant targeted by BP and ExxonMobil in ethylene case
Veolia and TotalEnergies sign agreement to optimise industrial resources
Well-filled gas reserves could save Germany €25 billion in losses
An economic study reveals that Germany’s gas storage levels could prevent up to €25 billion in economic losses during a winter supply shock.
New Fortress Energy initiates commissioning of 624 MW CELBA 2 power plant in Brazil
New Fortress Energy has initiated the initial ignition of its 624 MW CELBA 2 power plant in Brazil, starting the commissioning phase ahead of commercial operations expected later this year.
Talen Energy secures $1.2bn to acquire two natural gas power plants in the United States
Talen Energy launches $1.2bn debt financing and expands credit facilities to support strategic acquisitions of two combined-cycle natural gas power plants.
Ukraine plans to increase gas imports by 30% after Russian strikes
The Ukrainian government is preparing to raise natural gas imports by 30% to offset damage to its energy infrastructure and ensure supply continuity during the winter season.
Global natural gas power generation market to reach $122.49bn by 2030
Driven by rising electricity demand and grid flexibility needs, natural gas power generation is expected to grow at an annual rate of 4.8% through 2030.
Talen Energy raises $1.2bn to finance two gas-fired power plants in the United States
Talen Energy secures $1.2bn term financing and increases two credit facilities to support the acquisition of two natural gas power plants with a combined capacity of 2,881 MW.
Tenaz Energy acquires strategic North Sea gas assets for $339mn
Tenaz Energy finalised the purchase of stakes in the GEMS project between Dutch and German waters, aiming to boost production to 7,000 boe/d by 2026.
Sembcorp secures new 10-year contract for its Salalah power plant
Sembcorp Salalah Power & Water Company has obtained a new 10-year Power and Water Purchase Agreement from Nama Power and Water Procurement Company, ensuring operational continuity until 2037.
Eni resumes offshore drilling in Libya after five-year suspension
Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
GOIL commits $50mn to expand LPG storage capacity in Ghana
GOIL is investing $50mn to expand its LPG storage capacity in response to sustained demand growth and to improve national supply security.
QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block
QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
Ukrainian suspected in Nord Stream sabotage faces possible extradition
Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.
Shizuoka Gas closes tender for seven-year LNG contract starting 2027
The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.
Baker Hughes to supply key liquefaction equipment for Port Arthur LNG Phase 2
Baker Hughes has secured a contract from Bechtel to provide gas turbines and compressors for the second phase of Sempra Infrastructure’s LNG export project in Texas.
Targa invests $1.6bn in NGL pipeline between Permian and Mont Belvieu
Targa Resources will build a 500,000 barrels-per-day pipeline in the Permian Basin to connect its assets to Mont Belvieu, strengthening its logistics network with commissioning scheduled for the third quarter of 2027.
J&F Investimentos targets EDF’s thermal plant amid Brazil’s booming energy M&A
Brazilian holding J&F Investimentos is in talks to acquire EDF’s Norte Fluminense thermal plant, valued up to BRL2bn ($374 million), as energy-related M&A activity surges across the country.
Chevron puts Colorado pipeline assets up for sale for more than $2 billion
Chevron has appointed Bank of America to manage the sale of pipeline infrastructure in the Denver-Julesburg basin, targeting a valuation of over $2 billion, according to sources familiar with the matter.
Hungary secures 10-year LNG contract with Engie through 2038
Hungary has signed a ten-year agreement with Engie for the annual import of 400 mn m³ of liquefied natural gas starting in 2028, reinforcing its energy diversification strategy despite its ongoing reliance on Russian gas.
Ukrainian suspected in Nord Stream sabotage held in Poland
Wanted by Germany for his alleged role in the 2022 sabotage of the Nord Stream pipelines, a Ukrainian has been arrested in Poland and placed in provisional detention pending possible extradition.

All the latest energy news, all the time

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3$/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.