Citadel Eyes U.S. Shale as Oil Trading Moves Closer to the Wellhead
Shale as Oil Trading Moves Closer to the Wellhead Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
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 oil, plus 810,000 net acres in South Texas.
Magnolia ultimatelywon the auctionin July.
Citadel already trades oil, natural gas, power, and other commodities.
It also already owns natural gas production.
The firm bought Paloma Natural Gas from EnCap Investments in 2025, renamed it Apex Natural Gas, and added more assets from Comstock Resources and Azul Resources.
Oil would give Citadel another physical position behind its commodities trading business.
shale has become particularly attractive this year because its barrels do not need the Strait of Hormuz, Bab el-Mandeb or another overseas chokepoint to reach Gulf Coast refineries and export terminals.
Middle East disruptions have kept crude prices elevated and pushed U.S.
producers to some of their strongest earnings in years.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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