Post Oak Exits Haynesville Positions Through Dual Asset Sales

Post Oak Energy Capital has sold producing Haynesville natural gas assets tied to NGNV and Quantent Energy Partners as dealmaking continues across the major U.S. shale basin.

(P&GJ) — Post Oak Energy Capital has completed the sale of producing Haynesville shale assets held by portfolio companies Nadel and Gussman NV (NGNV) and Quantent Energy Partners.

The assets are located in the Haynesville natural gas play, one of the largest U.S. gas-producing regions and a key supply source for Gulf Coast LNG export facilities. Financial terms of the transactions were not disclosed.

NGNV and Quantent had partnered with Post Oak to assemble drilling acreage and develop portions of their Haynesville positions during their investment cycles. The sales mark another round of consolidation in the gas-focused shale basin as operators and investors continue to monetize mature positions amid strong long-term natural gas demand expectations.

Post Oak Managing Director Frost Cochran said the company plans to continue working with both management teams on future opportunities and remaining assets. Jefferies served as financial advisor on the transactions, while Sidley Austin acted as legal counsel.