War-Related Oil Price Volatility Leaves Shale Acquisitions In Limbo

Confusion over asset valuation as oil prices are on their wildest ride in history over Russia’s invasion of Ukraine has put some deals in the U.S. shale patch on hold, Bloomberg reported on Thursday, quoting sources with knowledge of discussions. Some companies in the shale patch had been marketing acreage in the Permian and Eagle Ford basins, but sale processes were paused amid the oil price rally of the past weeks, according to Bloomberg’s sources. Buyers are wary of paying too much for assets that may be overvalued at current oil…