The long-awaited sale of Southwestern’s Fayetteville Shale business is with Flywheel Energy, a private company backed by Kayne Private Energy Income Funds.
Onshore push signals renewed confidence eight years after Macondo.
BHP will sell its treasure chest of U.S. shale assets in two separate transactions, the largest of which is BP's $10.5 billion purchase of the company's Permian, Eagle Ford and Haynesville position.
Drillinginfo expects LNG exports to bolster natural gas prices but not until 2021.
BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.
Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its U.S. shale operations, Sky News said, citing banking sources.
Southwestern also said it promoted Michael Hancock to vice president of financial planning and analysis and hired Paige Penchas to replace him as vice president of investor relations.
In this special report, Hart Energy Activity Editor Larry Prado gives an in-depth look at the petroleum-rich region of the Arkoma Basin.
Clayton A. Carrell joins Southwestern with nearly three decades of experience in the oil and gas industry, most recently serving as executive vice president and COO of EP Energy since 2012.
The company will be patient as it exits the Lower 48 with its Permian, Haynesville and Eagle Ford positions expected to attract buyers of every stripe.