Kimmeridge Texas Gas (KTG) has amassed around 148,000 net acres in Texas overlaying the dry gas window of the Eagle Ford Shale within Webb and McMullen counties.
KTG began as a conventional producer of natural gas in the shallow horizons of South Texas. In addition to 3D seismic data, which KTG owns over its entire acreage position, extensive petrophysical and core analysis identified KTG’s acreage to be highly prospective for Eagle Ford Shale, with the Lower and Upper Eagle Ford as primary and secondary targets, respectively.
In the near term, KTG is focused on realizing the opportunity to grow substantially by optimizing its current production practices and by establishing and developing their programs in the Lower Eagle Ford and Austin Chalk formations. In the longer term, the company plans to continually improve its cost structure and bring technology (and technology partners) to the forefront of operations to fully unlock the potential of Kimmeridge’s South Texas asset.
About Kimmeridge:
Founded in 2012, Kimmeridge is an alternative asset manager focused in the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management and proprietary research and data gathering. Current investments include Civitas Resources, Inc., Silverbow Resources, Inc., Sitio Royalties Corp., Titan Exploration, and Kimmeridge Texas Gas, which holds a significant acreage position in the Eagle Ford with geographic proximity to growing Gulf Coast LNG demand.
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