Gunvor in talks to buy US shale gas assets for up to $1.5bn

Switzerland-based commodities trader Gunvor is in preliminary discussions to purchase natural gas producing assets in Texas and Louisiana from Silver Hill Energy Partners. The potential transaction is valued between $1.2bn and $1.5bn, according to reports citing individuals familiar with the matter. The assets are located within the Haynesville shale basin, a region that has seen increased investment interest due to its high output levels and proximity to liquefied natural gas export terminals along the US Gulf Coast.

Should the deal be completed, it would represent Gunvor’s second acquisition in the Haynesville region this year. The company previously supported Oklahoma City-based Western Natural in its approximately $300m purchase of similar gas assets. Two sources indicated that Western Natural would operate the assets if the current negotiations with Silver Hill proceed. This move aligns with Gunvor’s broader strategy to establish an integrated shale gas production and marketing presence in the United States. The company recently added a second long-term LNG offtake agreement with Delfin Midstream in May 2026, further expanding its footprint in the sector.

The discussions between Gunvor and Silver Hill remain in an early phase, with no certainty of a final agreement. Sources requested anonymity due to the confidential nature of the talks. Silver Hill Energy Partners, founded in 2011 by Kyle Miller and based in Dallas, has raised around $4.15bn in institutional equity across five partnerships. Its portfolio includes approximately 192,000 net acres across the Bakken, Haynesville and Eagle Ford shale formations. The company operates three midstream businesses and produces an estimated 500 million cubic feet per day of natural gas and 20,000 barrels per day of oil. Gunvor’s recent expansion follows the appointment of Gary Pedersen as CEO after a management buyout last year.