Kimmeridge Energy Management Co. LLC is expanding its presence in the Eagle Ford Shale of South Texas, with an upstream natural gas-weighted acquisition and a multi-year transport agreement aimed at the LNG export market.

Kimmeridge, an alternative asset manager focused on the energy sector, said affiliate Kimmeridge Texas Gas (KTG) signed a deal to acquire upstream Eagle Ford assets from a private seller spanning about 30,000 acres. 

The assets currently are producing 65 MMcfe/d and “have a strong degree of overlap with KTG’s existing 75,000-acre position in the play, offering significant scale and operational synergies,” management said. “KTG anticipates continuing its multi-rig program focused on the Eagle Ford and Austin Chalk, with a target of delivering over 500...