Utica vs Marcellus Production

A rumored merger between Utica Shale oil and gas drillers Gulfport Energy Corp. and privately held Ascent Resources would continue the roll-up of Appalachian shale gas producers and would be welcomed by the market, investment analysts said. The deal is said to be valued at about $8 billion.

March 31 (Reuters) - Ascent Resources LLC, one of the largest privately held U.S. natural gas producers, is preparing an initial public offering (IPO) it hopes will give it a market valuation of around $6 billion, according to people familiar with the matter.

Almost four years after Encino Energy acquired Chesapeake Energy's Utica Shale assets for $2 billion, CEO Hardy Murchison expresses satisfaction with how it has been going - and the driller hasn't lost focus even with the Covid-19 pandemic, Russia-Saudi oil price war and now, the Russian invasion of Ukraine that has changed the energy landscape.

HG Energy LLC, a private equity-backed natural gas explorer, is talking to advisers about selling itself as energy prices surge, according to people with knowledge of the matter. The West Virginia-based company could seek more than $3 billion in a sale, said one of the people, who asked to not be identified because the matter isn't public.

HOUSTON, March 23, 2022 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") announced today that it has signed a Letter of Intent for a transaction with Cunningham Energy LLC ("Cunningham Energy").