- Caturus is constructing the country’s leading incorporated gas and LNG business, with a special wellhead-to-water technique that will provide properly sourced, low-emission fuel to worldwide markets
- Caturus develops on momentum and closes Mubadala Energy’s anchor financial investment as part of more comprehensive capital raise
- Caturus crosses 600 MMcfe/d limit with long-lasting target of 3 Bcfe/d; LNG export center anticipated to reach FID in 2025
- Senior management group to consist of: David Lawler, present CEO of Kimmeridge Texas Gas, as Ceo; Bryan Gunderson, present CFO of Kimmeridge Texas Gas as Chief Financial Officer; and Brian Cain as Chief Corporate Affairs Officer
NEW YORK CITY and ABU DHABI, UAE and HOUSTON, Aug. 7, 2025/ PRNewswire/– Kimmeridge, an alternative property supervisor concentrated on the energy sector, today revealed 2 substantial turning points for its integrated gas platform: the closing of a tactical equity financial investment from Mubadala Energy and the rebranding of SoTex HoldCo to Caturus.
The formerly revealed equity financial investment marks Mubadala Energy’s U.S. market entry and shows its enthusiastic growth technique. The rebranding is a significant turning point in the platform’s journey to provide low-priced, low-emission gas from leading U.S. resource plays to worldwide markets, linking properly sourced fuel with midstream facilities and best-in-class LNG export abilities.
Caturus is constructing the only independent, completely incorporated gas and LNG export platform in the U.S. through a mix of its upstream operations under Caturus Energy, previously Kimmeridge Texas Gas, and through Commonwealth LNG (” Commonwealth”), a 9.5 mtpa melted gas export terminal to be situated near Cameron, Louisiana Commonwealth most just recently revealed it has actually contracted Technip Energies to offer engineering, procurement and building and construction services to construct its advanced center and expects revealing last financial investment choice later on this year.
Caturus Management
Dave Lawler formerly acted as Ceo of Kimmeridge Texas Gas and will now work as CEO of Caturus. Mr. Lawler formerly was Chairman and President of BP America and led BPX Energy, BP’s U.S. onshore oil and gas company. The Caturus management group will likewise consist of Bryan Gunderson as Chief Financial Officer and Brian Cain as Chief Corporate Affairs Officer. Mr. Gunderson most just recently acted as CFO of Kimmeridge Texas Gas and brings more than twenty years of experience in financing management functions throughout public and personal energy business. Furthermore, Brian Cain, having actually acted as Senior Vice President of Federal Government Relations at Commonwealth LNG, will end up being Caturus’ Chief Corporate Affairs Officer. Mr. Cain has more than twenty years of political, media, and energy policy experience, consisting of service on public business executive groups.
Dave Lawler, CEO of Caturus, stated, “Rebranding to Caturus shows our ongoing development and technique to catch worth as worldwide gas need increases in the future. With the addition of first-rate financiers like Mubadala Energy, disciplined capital implementation, continued functional quality and a dedication to ecological duty, Caturus is well-positioned to end up being a distinguished leader in the worldwide LNG landscape and energy shift.”
Mubadala Energy Financial Investment
The Mubadala Energy financial investment represents the foundation of a more comprehensive capital raise led by Kimmeridge to support the development of Caturus. Mubadala’s contribution shows a 24.1% equity stake in Caturus. The capital raise will money continued tactical development, facilities advancement, and support the buildout of the LNG export center at Commonwealth.
” Mubadala Energy’s financial investment is a strong recommendation of our technique at Caturus, and we are thrilled to team up on bringing the only independent, completely incorporated gas business to life. Together, we will drive development throughout the LNG market through an effective and accountable platform, adding to a cleaner, more sustainable energy future,” stated Ben Dell, Handling Partner at Kimmeridge.
Discussing this crucial turning point, Mansoor Mohammed Al Hamed, Handling Director & & CEO of Mubadala Energy, stated: “Today’s statement is additional proof of our global development technique in action. The platform’s incorporated and accountable method lines up with our strategies to invest throughout the gas worth chain in crucial worldwide energy centers where we can play a proactive function in balancing energy security and shift concerns while producing long-lasting worth for our investor. We eagerly anticipate continuing our work together with the Caturus and Kimmeridge groups.”
Production Turning Point
Caturus likewise revealed it has actually gone beyond a rate of 600 million cubic feet comparable each day (MMcfe/d) of net production. This turning point shows the strength of the platform’s base and positions the business to accomplish its long-lasting advancement strategies of reaching 1 billion cubic feet comparable each day (Bcfe/d) by 2029. Dave Lawer kept in mind that “Crossing the 600 MMcfe/d limit is a significant action towards our 1 Bcfe/d target, and long-lasting target of 3 Bcfe/d.” Mr. Lawler included that “It is a testimony to our group’s capability and deep experience to scale securely and effectively throughout a competitive basin, as we prepare to turn into one of the leading gas manufacturers in the U.S.”
About Caturus
Caturus is constructing America’s leading incorporated gas and LNG business to provide properly sourced, low-emission fuel to domestic and global markets. The platform was established by Kimmeridge and consists of Caturus Energy, previously Kimmeridge Texas Gas, an upstream manufacturer with 600 MMcfe/d throughout 200,000 acres in Texas, and Commonwealth LNG, a 9.5 mtpa melted gas export terminal job found on the U.S. Gulf Coast near Cameron, Louisiana. www.caturus.com
About Kimmeridge
Established in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative property supervisor concentrated on the energy sector. The company is separated by its direct financial investment method, deep technical understanding, active portfolio management, exclusive research study, and information event. www.kimmeridge.com
About Mubadala Energy
Mubadala Energy is a worldwide energy business, headquartered in Abu Dhabi. With a varied portfolio of run and non-operated properties covering 11 nations, its main geographical focus remains in the Middle East and North Africa, Russia and Southeast Asia.
Mubadala Energy is a wholly-owned subsidiary of Mubadala Investment firm, which is owned by the Federal government of Abu Dhabi. The business’s portfolio is around 70 percent gas, with a typical working interest production of roughly 370,000 barrels of oil comparable each day.
In line with Mubadala Energy’s dedication to play an active function in the energy shift, the business is broadening throughout the gas worth chain and actively pursuing chances in brand-new energy sectors. www.mubadalaenergy.com
Media Inquiries:
Daniel Yunger/ Hallie Wolff/ Emma Cloyd
Email: Kekst-Caturus@kekstcnc.com
Ph: 917-574-8582/ 917-842-1127
SOURCE Kimmeridge