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Hedge fund giant Citadel seeking to buy US shale oil production assets: Reuters
The hedge fund is weighing a move into physical oil output as elevated crude prices and supply disruptions make production assets more attractive.
- On Friday, Reuters reported that Citadel has held talks with private-equity owners of oil-weighted exploration companies in recent weeks, as the hedge fund considers expanding its ownership of physical production assets.
- Owning physical production provides a natural hedge for trading firms, as physical barrels often gain value during geopolitical shocks that typically generate losses on paper trading positions.
- Citadel previously bid for WildFire Energy, which Magnolia Oil & Gas bought for $4.06 billion, while the firm already owns Apex Natural Gas, acquired from EnCap Investments in 2025.
- Escalating Middle East tension has elevated oil prices, increasing interest in U.S. assets avoiding chokepoints like the Strait of Hormuz, a geography Ken Griffin expressed concerns about months ago.
- Mirroring this trend, Reuters reported last week that Gunvor is pursuing Haynesville shale gas assets for more than $1 billion, while Vitol recently sold its VTX Energy Partners venture.
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EXCLUSIVE: Hedge fund giant Citadel seeking to buy US shale oil production assets, sources say
Citadel has held talks to buy U.S. oil production assets, as the hedge fund and commodities trader considers expanding further into owning physical assets, five people familiar with the matter said.
·London, United Kingdom
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Cryptocurrency News | Cryptocurrency Prices | Market CapCitadel seeks to acquire US shale oil production assets
Citadel is pursuing US shale oil production assets after spending $1.4 billion on natural gas deals, bidding for WildFire Energy in the Eagle
Citadel, one of the world's largest hedge funds and commodity traders, founded by Billionaire Ken Griffin, has conducted a series of acquisition negotiations...
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Total News Sources12
Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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