Total Value of Oil and Gas Assets For Sale Stands at $140B+

Houston Natural Resources Corp.’s subsidiary Houston Natural Resources Inc. is targeting producing oil and gas property acquisitions. The total value of oil and gas assets up for sale across the industry stands at more than $140 billion, according to the consultancy firm Wood Mackenzie.

“One company’s transition away from fossil fuels is another’s opportunity to double down. Under intense pressure from investors and activists to take more action on climate change, some of the world’s biggest oil and gas companies are putting billions of dollars’ worth of assets up for sale,” says Anjli Raval of the Financial Times.

The company expects to complete a transaction in the third or fourth quarter of 2021 and anticipates the acquisition to be at least $100 million in revenue.

“These operational assets will mint money like you have no idea over the next three to five years,” says Laurent Segalen, a clean energy investment banker and managing partner at Megawatt-X, a platform which aims to enable the funding of the energy transition. “Hedge funds, private equity, companies you have never heard of will pick these assets off.”

The company’s net asset value is $4.71 per share for the period ending March 31, 2021.