Tokyo Gas Co. Ltd. said Wednesday it is increasing its stake in Haynesville Shale producer Castleton Resources LLC to expand its portfolio in North America. Through a subsidiary, Tokyo Gas agreed to boost its ownership interest to 70% from 46% for an undisclosed amount. Castleton, a natural gas-focused operator with assets in East Texas that…
Castleton
Articles from Castleton
Castleton Adds to Gassy Haynesville Portfolio with Shell Deal
With the backing of Japan’s largest natural gas utility, Castleton Resources LLC has 222,400 net acres of gassy leasehold to explore, develop and potentially export from the Haynesville Shale/Cotton Valley after completing a deal with Royal Dutch Shell plc.
Avangrid Subsidiary Selling Natural Gas Storage Business
Avangrid Renewables Holdings Inc. (ARH) recently agreed to sell parent Avangrid Inc.’s natural gas storage business, Enstor Gas LLC, to Amphora Gas Storage USA LLC, an affiliate of ArcLight Capital Partners LLC, for an undisclosed amount.
Tokyo Gas Adds Haynesville to Its Collection of U.S. Shale Play Interests
Major liquefied natural gas (LNG) player Tokyo Gas Co. Ltd. is taking a stake in the Haynesville Shale, a nearby natural gas supply source for U.S. Gulf Coast liquefaction and export terminals.