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Castleton Resources

Company Summary

Description

A subsidiary of Castleton Commodities International, also 46% owned by Tokyo Gas America

Website

http://www.cci.com/about-us

Operational Regions

  • Haynesville-Bossier Shale

Related Entities

Recent news

  • 8/17/2020 - Castleton Resources... (subscriber access)
  • 8/4/2020 - Castleton Resources... (subscriber access)
  • 7/30/2020 - Tokyo Gas, via Castleton... (subscriber access)
  • 12/30/2019 - Castleton Commodities... (subscriber access)
  • 5/8/2017 - Tokyo Gas America... (subscriber access)

Company Transactions

Date: 8/30/2020
Type: Acquisition

BUYERS:
  • Castleton Resources
    • SELLERS:
  • Range Resources Corporation
    • DETAILS:

    COST: 245 $MM

    VOLUMES: 160 Mmcfe/d

    NOTES:
    Castleton Resources, a JV between Tokyo Gas and Castleton Commodities, has entered into a deal with Range Resources to purchase their Terryville upstream assets in Northern Louisiana for $245 million plus $90 million in contingent payments determined by future commodity prices. Concurrent with the purchase, Tokyo Gas' position in Castleton Resources will ruse from 46% to 70% once the deal closes.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 7/30/2020
    Type: Acquisition

    BUYERS:
  • Castleton Resources
  • Tokyo Gas America
    • SELLERS:
  • Shell plc.
    • DETAILS:

    VOLUMES: 105 Mmcfe/d

    NOTES:
    Tokyo Gas has acquired additional Haynesville acreage from BG US Production Company (a subsidiary of Shell, through its own Castleton Resources. The deal adds 105 Mmcfe/d in production, bringing Castleton's volumes of 343 Mmcfe/d. By funding the deal, Tokyo Gas will boost its position in Castleton from 30% to 46%.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 12/30/2019
    Type: Acquisition

    BUYERS:
  • Castleton Resources
    • SELLERS:
  • Shell plc.
    • DETAILS:

    VOLUMES: 334 Mmcf/d

    ACRES: 222400 Acres

    NOTES:
    Castleton Resources, a JV owned by Castleton Commodities and Tokyo Gas, closed on the purchase of Shell's Haynesville Shale Assets which were held by BG. The deal included 222,400 net acres and 334 Mmcfe/d in production. Concurrently, Tokyo Gas increased its stake in the JV from 30% to 46%.
    REGIONS:
  • Haynesville-Bossier Shale