U.S. oil and gas-focused investment firm Aethon Energy Management is exploring a sale of its acreage in North Louisiana which could be valued at around $6bn, including debt, people familiar with the matter said.
Bankers hired by Aethon reached out in the final weeks of 2021 to a small number of potential buyers to gauge initial interest in its Haynesville assets in North Louisiana, the sources said, ahead of a formal sale process later this year. Aethon’s assets in the East Texas portion of the Haynesville shale formation are not part of the process, the sources added.
For example, Southwestern Energy Co acquired Indigo Natural Resources for $2.7 billion in September and GEP Haynesville for $1.85 billion in December, and Chesapeake Energy Corp bought Vine Energy for $615 million in November.
Read more/Source: Reuters
