Kimmeridge energy management to acquire upstream assets.

Kimmeridge Energy Management, an investment firm focused on the energy sector, agreed to acquire upstream assets. Financial terms were not disclosed. "Our acquisition of these upstream assets and agreement with KMTP will meaningfully advance KTG's ambitions of becoming fully integrated from source to sink, providing reliable, secure and clean energy to global markets. Kimmeridge has always sought to be a pioneer in the energy space, first with the ideation and implementation of a new E&P business model, followed by the formation of Civitas Resources, Colorado's first carbon neutral energy company, and now as we build a leading international LNG platform. Through our investments in South Texas, we believe we will be able to deliver net zero LNG, where all Scope 1 and 2 emissions will be offset by a combination of mitigation, sequestration and carbon removal," Ben Dell, Kimmeridge Co-Founder and Managing Partner.