Mubadala Energy to acquire a 24.1% stake in SoTex from Kimmeridge.

Mubadala Energy, an oil and gas company, agreed to acquire a 24.1% stake in SoTex, an unconventional gas producer, from Kimmeridge, an energy-focused alternative asset manager. Financial terms were not disclosed. "Through this partnership and our entry into the U.S., we are to further build on our leading role in building energy champions that deepen our position in the global economy. We are delighted that Mubadala Energy has finalized this equity investment with Kimmeridge to enable the development of key gas projects in the U.S. Gulf Coast. As the company's first major investment in the U.S., this transaction positions Mubadala Energy for accelerated growth across the gas value chain in one of the world's most important and attractive energy hubs," Dr Bakheet Al Katheeri, Mubadala Energy Chairman.