Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Vista Projects
Copper Tip Energy Services
Vista Projects
Copper Tip Energy


Shale Driller Rockcliff Energy Weighs $4 Billion Sale


These translations are done via Google Translate

(Bloomberg) Rockcliff Energy LLC, a private equity-backed natural gas explorer, has been speaking with advisers as it evaluates takeover interest from rival U.S. shale drillers, people with knowledge of the matter said.The Houston-based company could seek $4 billion or more in a sale, the people said. Deliberations are at an early stage, and there’s no certainty Rockcliff will conclude any transaction, according to the people who requested anonymity because the information isn’t public.

Representatives for Rockcliff and its Houston-based backer Quantum Energy Partners didn’t immediately respond to requests for comment.

ROO.AI Oil and Gas Field Service Software
GLJ

Founded in 2015, the company pumps the daily equivalent of more than 1 billion cubic feet of gas from the Haynesville Shale in East Texas. Earlier this week, its Quantum affiliate Trace Midstream agreed to sell gas gathering and processing assets to Williams Cos. for $950 million.

While publicly traded shale drillers are adhering to fiscal discipline, closely held explorers have been ramping up output in U.S. shale fields over the past year in hopes of attracting takeover interest.

Rockcliff has boosted output 15-fold since its inception and has a portfolio of more than 1,000 yet-to-be-drilled targets, according to a November investor presentation.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE