- Centalion Group acquired upstream and midstream natural gas assets in the Haynesville region of Texas and Louisiana from Texas-based private shale producer Silver Hill Energy Partners.
- The acquired position carries about 300 MMcfd of net production, roughly 72,000 net acres in the core Haynesville and Bossier development areas, and about 300 gross operated development locations.
- Centalion, formerly known as Gunvor and rebranded last week, puts the Haynesville platform's enterprise value at about $2 billion and plans to redomicile its headquarters to Singapore from Cyprus.
- Centalion and partner Western Natural Resources will run the development program and market volumes through Centalion's Gulf Coast gas capabilities, targeting domestic and LNG demand points.
Quotes
“This acquisition adds a high-quality, scalable position in the core of Haynesville, with a substantial development runway”
“After years of disciplined growth and risk management in a fluctuating market, we are thrilled with this outcome and confident our assets will thrive under Centalion's stewardship”