Ineos Energy chairman Brian Gilvary
Ineos Energy leans into oil with US shale deal
Company ready to develop Eagle Ford shale after $1.4bn deal with Chesapeake Energy, chairman Brian Gilvary tells Petroleum Economist in an interview
The entry of the UK’s Ineos Energy into the US shale sector through its recent deal with US firm Chesapeake Energy marks the “next big phase” of the company’s growth as it rebalances its portfolio towards oil rather than gas, chairman Brian Gilvary tells Petroleum Economist. The energy arm of UK-based chemical group Ineos is buying a portion of Chesapeake’s assets in the Eagle Ford shale in south Texas for $1.4bn in a deal that will give it 2,300 wells, producing 36,000bl/d oe. The deal is expected to complete in the second quarter. “The Eagle Ford shale was perfect. It was a mostly oil portfolio, which attracted us, and it will create the next phase for us in the US,” Gilvary says. “It is t
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
