Representatives for Rockcliff and its Houston-based backer Quantum Energy Partners didn’t immediately respond to requests for comment.
Founded in 2015, the company pumps the daily equivalent of more than 1 billion cubic feet of gas from the Haynesville Shale in East Texas. Earlier this week, its Quantum affiliate Trace Midstream agreed to sell gas gathering and processing assets to Williams Cos. for $950 million.
While publicly traded shale drillers are adhering to fiscal discipline, closely held explorers have been ramping up output in U.S. shale fields over the past year in hopes of attracting takeover interest.
Rockcliff has boosted output 15-fold since its inception and has a portfolio of more than 1,000 yet-to-be-drilled targets, according to a November investor presentation.