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Citadel Eyes US Shale As Oil Trading Moves Closer To The Wellhead
Citadel Eyes US Shale As Oil Trading Moves Closer To The Wellhead
Authored by Julianne Geiger via OilPrice.com,
Citadel is shopping for U.S. oil production assets, including a previous bid for WildFire Energy before Magnolia Oil & Gas agreed to buy the Eagle Ford producer for $4.06 billion.
Reuters reported Friday that the hedge fund and commodities trader has held talks with several private-equity owners of oil-weighted exploration and production companies in recent weeks.
WildFire would have given Citadel roughly 53,000 barrels of oil equivalent per day of production, about 70% of it...
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