OIL - KIMMERIDGE TEXAS GAS APPOINTS DAVID LAWLER AS CEO; KIMMERIDGE CLOSES FOLLOW-ON CONTROL INVESTMENT IN COMMONWEALTH LNG | Benzinga
Lawler brings 30+ years of experience in the sector with an expansive track record of growing energy platforms, responsibly expanding production and implementing effective emissions reduction strategies
Commonwealth on track to reach final investment decision on best-in-class LNG export facility by the first half of 2025 and to commence deliveries in 2028
HOUSTON and NEW YORK, June 25, 2024 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector, today announced that its affiliate, Kimmeridge Texas Gas ("KTG"), has appointed David Lawler as Chief Executive Officer, effective immediately. Mr. Lawler will advance KTG's efforts to become a fully integrated provider of LNG from well-head to water – providing reliable, secure and clean energy to global markets.
Mr. Lawler brings more than 30 years of experience in the energy sector, with a distinguished track record across each of the positions he has held. Most recently, he served as Chairman and President of BP America, which accounted for nearly 40% of corporate global revenue. While at BP America, Mr. Lawler spearheaded the formation and implementation of an integrated strategy to achieve net-zero production by 2050. In addition, Mr. Lawler served as CEO of BPX Energy, BP's onshore unconventional and midstream business. He led the $10.5 billion acquisition of BHP's onshore assets, BP's largest acquisition in more than 20 years, and built a world class operating team that delivered significant year-on-year improvements, including growing production over 125% while significantly reducing emissions in the Permian Basin.
To further accelerate KTG's growth trajectory, Kimmeridge also announced the closing of a follow-on control investment in Commonwealth LNG ("Commonwealth"). The funding will support a 9.5 million tons per annum (mtpa) LNG export facility in Cameron, Louisiana, ...