Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, Bloomberg News reports

By Reuters  April 11, 2025

April 11 (Reuters) - Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter.

ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it considers as pillars for its future growth.

Last year, the energy giant bought a stake in NextDecade's  liquefied natural gas export project in Texas along with a 20-year supply deal.

Deliberations regarding the U.S. energy-focused investment firm's assets are in the early stages and no final agreements have been reached, the report added.

Reuters in November reported that Aethon was exploring options for its natural gas production and midstream assets that include a sale or an initial public offering at a valuation of about $10 billion.

The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately held U.S. gas producers.

ADNOC and Aethon did not immediately respond to Reuters requests for comment.

Reporting by Mrinalika Roy in Bengaluru; Editing by Shailesh Kuber

 

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Skip, I believe Aethon is the company involved with the Ashland Field.  Correct me if that is not the case.  If I am correct how much will a buy out by ADNOC affect the Ashland Field development.  

Hard to know since the reports of ADNOC indicate an interest but not a sale.  Since Aethon has not drilled a well in the Ashland Field since 2022, a sale to ADNOC might bring more drilling.

SWN, now EXE (Expand Energy), has filed for alternate wells in 10N-10W and 10N-9W since the first of the year.

Thank you for your insight.

You're welcome.

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