Commodities trader Gunvor is in early talks to buy Silver Hill Energy Partners’ natural gas-producing assets in the Haynesville shale basin of Texas and Louisiana for between $1.2 billion and $1.5 billion, four sources told Reuters. The deal is not guaranteed. If completed, Oklahoma City-based Western Natural, an oil and gas producer backed financially by Gunvor earlier this year, would operate the assets. Silver Hill owns about 58,000 net acres and produces an estimated 370 million cubic feet equivalent per day, according to Rystad. The acquisition would be Gunvor’s second Haynesville deal this year and extend its strategy of combining U.S. gas production with marketing and LNG (liquefied natural gas) trading. The company is positioning for expected demand growth from power generation for AI data centers and new export terminals on the U.S. Gulf Coast. Other commodities traders, including Vitol and hedge fund Citadel, have also invested in U.S. gas production and export infrastructure.