[ad_1]
Private-equity firm Kimmeridge Energy Management is biding its time to expand investing in renewables while making big bets on oil and natural gas, a strategy reflecting co-founder Ben Dell’s not-so-mainstream views.
Kimmeridge last week unveiled a deal to buy about 30,000 acres in the Eagle Ford shale region of Texas, where it has 2.5 times that amount of acreage. The New York firm also contracted with pipeline operator Kinder Morgan to deliver its production to liquefied natural gas plants on the Gulf Coast, including Commonwealth LNG, a project Kimmeridge recently backed.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The go-to source for all things private equity.
News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
[ad_2]