TG Natural Resources acquires Haynesville natural gas producer Rockcliff Energy for $2.7 billion

January 05, 2024

(WO) – Quantum Capital Group completed its previously announced sale of Rockcliff Energy II LLC (“Rockcliff”) to TG Natural Resources LLC (“TGNR”). Rockcliff is a portfolio company of Quantum Energy Partners, Quantum’s private equity division. Rockcliff announced the entry into a definitive agreement with TGNR on Dec. 15., 2023, in which TGNR acquired 100% of the membership interests in Rockcliff for $2.7 billion.

Source: Quantum Energy Partners

Rockcliff is a premier upstream natural gas company focused on developing the East Texas Haynesville shale. With field headquarters in Longview, Texas, the company has a footprint in five Texas counties, operating more than 200,000 net acres with more than 1.3 Bcfd of gross operated natural gas production.

Alan Smith, CEO of Rockcliff said, “We are extremely proud of the business we have built at Rockcliff over the past eight years, becoming one of the premier private natural gas companies in the United States. The amazing growth we have been able to achieve, taking gross production from approximately 100 MMcfd at our initial acquisitions in 2017 to over 1.3 Bcfd today, is a testament to the tireless efforts and perseverance of the entire Rockcliff team. The continued support of our partners at Quantum – who have shared our vision from day one to position Rockliff as an industry-leading natural gas producer – has played an essential role in our exceptional growth and commercial success.”

Craig Jarchow, CEO of TGNR said, “With this acquisition, TG Natural Resources is committed to leadership in the Haynesville play, one of the world’s most important sources of clean natural gas. We will have nearly a century in rig years of gross operated and non-operated drilling inventory in the Haynesville, not counting the important plays in the Bossier and Cotton Valley."

“The sale of Rockcliff will memorialize Quantum’s ninth successful partnership with Alan and other members of the Rockcliff leadership team,” said Wil VanLoh, CEO of Quantum. “Through our partnership and collective efforts, we were able to identify a unique opportunity to transform the East Texas Haynesville into a major supplier of clean U.S. natural gas for LNG exports from the Gulf Coast.”

TGNR is one of the largest producers in the Ark-La-Tex region of East Texas and Northern Louisiana. TGNR is jointly owned by TG East Texas Resources LLC, a wholly owned subsidiary of Tokyo Gas America, and CCI U.S. Asset Holdings LLC, a wholly owned subsidiary of Castleton Commodities International LLC.

Lead image source: TG Natural Resources

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