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Tokyo Gas : Acquires Oil and Gas Assets in Louisiana Through Castleton

July 29, 2020
in oil news
Tokyo Gas : Acquires Oil and Gas Assets in Louisiana Through Castleton
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29 July 2020

Company:

Tokyo Gas Co., Ltd.

Representative:

President, Takashi Uchida

Tokyo Stock Exchange, Tokyo 1st Section

Security code:9531

Tokyo Gas Acquires Oil and Gas Assets in Louisiana Through Castleton Resources

and Takes Majority Interest in Castleton Resources

In connection with the acquisition of additional oil and gas assets in the U.S. of Louisiana, Tokyo Gas Co., Ltd. (“Tokyo Gas”) has decided that Tokyo Gas America Ltd. (“Tokyo Gas America”, President: Kazuya Kurimoto), a wholly owned subsidiary of Tokyo Gas, will take majority interest in Castleton Resources LLC (“CR”), an upstream oil and gas company in the U.S..

1.Background

Castleton Resources will fund the closing of the transaction with additional equity capital from Tokyo Gas America. After such funding, Tokyo Gas America will increase its ownership interest in CR from 46% to approximately 70%. This will be our company’s first acquisition of an operator in the shale gas business in the U.S.

2.Castleton Resources LLC

(1)

Corporate Name

Castleton Resources LLC

(2)

Address

Houston, Texas, USA

(3)

President

Craig Jarchow

(4)

Main business

Upstream development in East Texas and North Louisiana targeting Haynesville

…



Read More: Tokyo Gas : Acquires Oil and Gas Assets in Louisiana Through Castleton

Tags: | 9531 | JP3573000001202029AcquiresAssetsCastletonCompanyGasinformationJulyLouisianaLTD. stock exchangeNewsoilpress releaseTokyoTOKYO GAS CO.

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