Centalion Acquires Natural Gas Assets from Silver Hill Energy
Energy trading company Centalion Group has acquired upstream and midstream natural gas assets in Texas and Louisiana from Silver Hill Energy Partners. Deal specifics were not disclosed.
Centalion Group, an independent physical energy trading company, announced its acquisition of a portfolio of upstream and midstream natural gas assets located in Texas and Louisiana. The seller in the transaction was Silver Hill Energy Partners. This move expands Centalion's footprint in the North American energy market.
The acquired assets include both production facilities and transportation infrastructure, which Centalion expects will enhance its control over the natural gas supply chain. While financial terms of the deal were not disclosed, the company stated it is a strategically significant acquisition for Centalion.
Centalion is known for its global operations in physical energy trading. Silver Hill Energy Partners focuses on developing and divesting oil and gas assets. This acquisition aligns with Centalion's strategy to broaden its infrastructure and supply chain capabilities.
The assets are situated in the Haynesville shale play, a region recognized for its substantial natural gas reserves. The transaction is anticipated to close in the fourth quarter of the year.