Greenhill’s Jeet Benipal, right, estimates that foreign investment deals for U.S. shale gas could total as much as $10 billion. Benipal participated in a panel discussion at the Energy Capital Conference with Darren Barbee, Hart Energy’s editorial director (left); and Jack Collins of INEOS Energy. (Source: Hart Energy)
Asian, Middle Eastern and European buyers want a piece of U.S. shale gas, and they want it now.
Jeet Benipal, managing partner at Greenhill, a Mizuho affiliate, said there’s at least five or six different shale gas deals on the market right now.
“If I were to add all of them together, we’re probably looking at $10-plus billion,” Benipal said June 4 during Hart Energy’s Energy Capital Conference.
Greenhill previously advised TG Natural Resources on its $2.7 billion acquisition of East Texas gas producer Rockcliff Energy II in 2023.
“There’s a lot of interest from several different Asian strategics and trading houses in U.S. natural gas upstream assets,” Benipal said.
TG Natural Resources recently acquired a 70% interest in Chevron’s Haynesville assets for $575 million.
Outside of Asia, Middle Eastern buyers are gaining steam in U.S. shale gas. In April, Kimmeridge sold a 24.1% stake in its upstream shale gas and LNG operation to Mubadala Energy, a subsidiary of Abu Dhabi’s sovereign wealth fund Mubadala Investment Co.
U.K. petrochemical company INEOS has also invested in U.S. upstream, including offshore and in the Eagle Ford Shale, said Jack Collins, CEO of INEOS Energy, at the conference.
RELATED
Kimmeridge’s Ben Dell: International Investors Return to US Shale Gas
Recommended Reading
Ørsted Adds New Members to Group Executive Team
2025-04-24 - Offshore wind developer Ørsted appoints Amanda Dasch as chief development officer and Godson Njoku as chief generation officer, effective May 1.
Williams Appoints Larry Larsen to COO, Executive VP
2025-04-28 - Larry Larsen, who will succeed Michael Dunn, is Williams’ senior vice president for gathering and processing.
BP Appoints Former Shell Exec Simon Henry to Board
2025-07-07 - BP named Simon Henry, who was previously the CFO at Shell, as a non-executive director, days after reports of a potential merger with Shell.
Industry Professional Stephanie Reed Resigns from Tamboran’s Board
2025-04-21 - Stephanie Reed joined Tamboran Resources’ board as non-executive director in September 2023.
Pension Funds Eye Oil ETFs Amid Volatility, Middle East Tensions
2025-07-02 - Investors in energy ETFs should be wary of short-term volatility in commodity-linked ETFs amid geopolitical tensions in the Middle East.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.