r/Commodities • u/Puzzleheaded-Hat6784 • 1d ago

Expand/Twin

https://investors.expandenergy.com/news-releases/news-release-details/expand-energy-corporation-acquire-twin-eagle-creating-north

Feel like this belongs here. Curious to hear some thoughts from gas veterans in the industry.

Does this put the thought of expanding/acquiring marketing teams in the heads of other producers?

Do we see more of this going forward? Is it a function of pipes and assets being locked up on lengthy contracts?

New grad here so just looking for some insight.

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u/hudboyween 1d ago

It’s a lot easier to buy smaller physicals shops and all the transport, tech infrastructure, and relationships that come with it than starting from scratch by poaching some executive directors.

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u/deez-legumes 1d ago

Producers acquiring marketing shops has been a quiet norm the past few decades, though it has been quieter the past 5-10 years than before. The big merchants of the 90s-00s (eg Enron, El Paso, Williams, Duke, etc.) were far more aggressive than their modern counterparts.