Tuesday, November 19, 2024
Quantum Capital to acquire Rocky Mountain-based Caerus Oil and Gas for $1.8 billion- oil and gas 360

Quantum Capital to acquire Rocky Mountain-based Caerus Oil and Gas for $1.8 billion

World Oil (Bloomberg) – Quantum Capital Group has agreed to buy Caerus Oil and Gas in a deal that values the Rocky Mountain energy operator at $1.8 billion, people familiar with the matter said, as private equity firms ramp up buying in the oil patch. Energy-focused Quantum is buying Caerus from backers Oaktree Capital Management, Anschutz Investment Co. and Old

Kimmeridge takes control of Commonwealth LNG with former bp executive at the helm- oil and gas 360

Kimmeridge takes control of Commonwealth LNG with former bp executive at the helm

World Oil (Bloomberg) – Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former bp Plc executive to lead the venture, marking a major bet on the future of natural gas. Kimmeridge is buying out Commonwealth LNG founder Paul Varello’s share in the company as he retires and boosting