Shale Gas Drillers Are Facing New M&A Competitors, Tudor Says

The US natural gas sector that’s been largely dominated by domestic drillers and private equity firms for two decades is starting to pique the interest of overseas companies, said banker Bobby Tudor, one of the architects of the shale boom.

Shale fields such as the sprawling Haynesville in Louisiana provide massive troves of untapped gas that would fit well in the asset bases of Asian and European companies that buy and sell the fuel, Tudor said during an interview with Bloomberg on Tuesday.

Japanese giants including Mitsubishi Corp., Jera Co. and Tokyo Gas Co. are already staking out ...