Expand Energy Corp., the largest natural gas producer in North America, confirmed it has entered into a definitive merger agreement to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion.
The seller was Five Point Infrastructure, a private equity and infrastructure investor focused on investments within the North American water management, surface management, powered land and sustainable infrastructure sectors.
Founded in 2010, Twin Eagle has established itself as one of the leading independent natural gas and power marketers in North America. Its business spans wholesale marketing, asset management, structuring and analytics, logistics and market intelligence. The company currently markets more than 5 billion cubic feet per day (Bcf/d) of natural gas and manages roughly 44 Bcf of storage capacity and approximately 2 Bcf/d of firm transportation. It serves more than 1,000 customers across a diversified footprint
