CCI buys Shell’s East Texas, North Louisiana shale assets

Image courtesy of CCI

Castleton Commodities International (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company, a unit of Royal Dutch Shell. 

Pro forma for the acquisition, Castleton Resources will hold approximately 222,400 net acres in the region and produce approximately 334 MMcfe/d (net), CCI said in its statement.

Castleton Resources is owned by CCI and Tokyo Gas America, a unit of Japanese utility and LNG importer, Tokyo Gas.

Concurrent with the transaction, Tokyo Gas America will increase its interest in Castleton Resources from 30 percent to approximately 46 percent, the statement reads.

Jun Tabei, president and CEO of Tokyo Gas America the transaction is yet another step towards becoming a leading gas producer in the region.

“The Gulf Coast, as we have previously stated, is strategically important to Tokyo Gas and we are eager to expand our footprint in the East Texas and Louisiana area through Castleton Resources,” Tabei concluded.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >