Why Are Private Equity Firms Dumping U.S. Shale Gas Assets?

Private equity firms are selling their assets and operations in U.S. shale plays to take advantage of soaring gas prices, Reuters has reported, noting the Haynesville play alone has seen deals worth $16.5 billion since the start of the year. The data comes from energy analytics firm Enverus. The Haynesville play is the second-largest shale formation in the United States and is next month seen producing 13.6 billion cu ft of gas daily. This would be a record high and equal to about 15 percent of total U.S. shale gas output. Haynesville appears to…