CERAWEEK-Collapse in US natgas prices dents market for shale deals

to acquire Rockcliff Energy from private equity firm Quantum Energy Partners, according to three people familiar with the matter.in January that the parties were close to a $4.6 billion sale of Rockcliff, a producer in the top U.S. shale-gas region. The buyer was to be TG Natural Resources, a business majority owned by the Japanese energy firm, with trader Castleton Commodities International holding the rest.

Tokyo Gas wanted to substantially reduce its offer for Rockcliff after U.S. gas futures tumbled: since mid-December, they have fallen by 63% to $2.55 a million British thermal units on Wednesday. Talks ended last month after Rockcliff's backers were unwilling to accept a price cut, said the people, who spoke on condition of anonymity to discuss confidential information.Latest Updates

Tell PG&E that nat gas prices are done . $750 for a 1920sq foot California house built in 2019 for February

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CERAWEEK Biden climate law will stumble without permitting reform, industry warnsThe Biden administration's climate law, which provides hundreds of billions of dollars in clean energy incentives to fight global warming, won't be fully effective without permitting reform, executives told the CERAWeek energy conference on Monday. A pity Biden believes he's in a tanning salon. President Biden proposed to cap & prevent leaking methane in the oil & gas industry. Detection & prevention of methane in the last few years alone, Kairos Aerospace had more impact on greenhouse gases than every Tesla vehicle ever made. Please scale up these actions globally.
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