Exclusive: Investment firm Aethon explores options for $10 billion US natgas assets, sources say

David French - Reuters - 12/11
U.S. energy-focused investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets that include a sale or an initial public offering at a valuation of about $10 billion, including debt, people familiar with the matter said on Tuesday.
  • Aethon assets could be sold or listed on stock market in 2025
  • Upstream ops among largest privately-owned US natgas producers
  • Goldman, Citi working with Aethon on options
Nov 12 (Reuters) - U.S. energy-focused investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets that include a sale or an initial public offering at a valuation of about $10 billion, including debt, people familiar with the matter said on Tuesday.
The deal deliberations come as the boom in artificial intelligence and data centers is driving up demand for power, which in turn is boosting the prospects of gas producers. Roughly 42% of the U.S. power supply in 2023 was generated by burning gas, according to data from the U.S. Energy Information Administration.
Aethon is working with investment bankers at Goldman Sachs (GS.N), opens new tab and Citigroup (C.N), opens new tab to evaluate its options, the sources said, adding any transaction would likely happen in 2025.
The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately...
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