Hedge fund giant Citadel acquired Haynesville E&P Paloma Natural Gas for $1.2 billion. (Source: Oil & Gas Investor)
Hedge fund giant Citadel has acquired Haynesville Shale E&P Paloma Natural Gas for $1.2 billion, Hart Energy has learned.
The transaction includes acreage, producing assets and approximately 60 undeveloped Haynesville locations, according to sources familiar with the transaction.
Paloma Natural Gas, backed by private equity firm EnCap Investments LP, said it sold to Citadel in February 2025.
Hart Energy has reached out to Citadel, EnCap and Paloma for more information.
Paloma Natural Gas LLC produced nearly 140 Bcf of natural gas in 2024, or about 382.25 MMcf/d, according to Louisiana state data.
The company has assets across Caddo, De Soto, Bossier, Sabine, Red River, Webster and Bienville parishes, Louisiana, according to Rextag data.
Paloma acquired the Haynesville assets of Goodrich Petroleum Corp. for $480 million in cash in 2021.
Experts say buyers want Haynesville Shale exposure as U.S. natural gas prices rise and gas demand grows to fuel LNG exports, AI data centers and power generation.
After coming off record low prices seen last year, Henry Hub strip prices average about $4.58/Mcf over the next 12 months, according to CME Group data.
Miami-based Citadel, with about $65 billion in assets under management, has emerged as an unusual force in natural gas trading in a market dominated by merchants, energy producers and utilities.
Citadel’s commodities business generated around $4 billion of profit last year, driven by natural gas trading, Bloomberg reported.
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