Haynesville tempts gas operators
Bullish LNG export prospects on the Gulf Coast are driving M&A activity in the southern shale play
Appalachia may still dominate US gas production, but a wave of consolidation further south in the Haynesville has shown that operators see big opportunities in the Louisiana and east Texas shale play. Two major deals stand out over recent months. In early August, gas giant Chesapeake Energy shelled out $2.2bn on a merger with Haynesville peer Vine Energy. Two months before, Appalachian gas driller Southwestern Energy spent $2.7bn on its merger with Louisiana-based producer Indigo Natural Resources—the main rationale being diversified supply and access to the Gulf Coast. And for operators, the upstream and midstream incentives of switching to the Haynesville are clear. Consultancy Rystad Ener
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy