LNG

Talos Energy, the US oil and gas company, has acquired the operator QuarterNorth Energy in a $1.29 billion cash and stock deal to boost its presence in the Gulf of Mexico in the latest of a long list of US energy industry mergers and acquisitions that included several mega-deals.

INEOS, the UK-based European chemicals company with increasing LNG interests, is entering the US oil and gas production sector for the first time with the acquisition of a portion of Chesapeake Energy’s assets in the Eagle Ford shale basin in south Texas for $1.4 billion.

WhiteHawk Energy, the US company with royalty and field assets covering 475,000 gross acres in the Marcellus Shale, has agreed to acquire natural gas assets primarily located in the Haynesville Shale from where more feed gas will flow to US Gulf Coast LNG plants.

Energy majors, natural gas production companies, investment banks and commodities firms are all looking closely at potential losses or gains in 2022 from derivatives positions after the surge in benchmark gas prices linked to the LNG sector.

Dec 7 (LNG) - Chesapeake Energy Corp. said it had agreed to sell some of its acreage and producing properties in the Haynesville shale of northern Louisiana for $450 million. Chesapeake said the buyer was a private company and the assets comprise around 72,800 net acres, 40,000 net acres of which the company considers as core acreage and about 250 producing wells with current output of 30 million cubic feet of gas per day, net to the company. The Oklahoma City-based Chesapeake expects the transaction to close in the first quarter of 2017.