US EditionMitsubishi Acquires $7.5 Billion U.S. Shale Gas Assets From Aethon
Mitsubishi expands U.S. shale gas footprint with $7.5 billion purchase of Texas and Louisiana assets, including 2.1 billion cubic feet daily output, to boost LNG and power supply.
- On Friday, Mitsubishi Corporation agreed to buy Aethon Energy Management LLC's U.S. gas and pipeline assets in a $7.53 billion deal including $5.2 billion equity and $2.33 billion debt.
- Mitsubishi cited rising U.S. gas demand driven by data centres, manufacturing and LNG exports, and the companies had been negotiating since mid-2025 under Japan's transition-fuel policy.
- The Haynesville assets currently produce more than 500 million cubic feet per day across 210 square kilometers with 200 undeveloped drilling locations.
- Aethon retains a 25% repurchase right, and Mitsubishi shares fell about 2% after the deal was announced.
- Net profit from the assets is forecast at 70-80 billion yen in fiscal 2027, and the acquisition places assets adjacent to Gulf Coast LNG plants where more export facilities are expected in coming years.
28 Articles
28 Articles
Mitsubishi Expands US Natural Gas Business With $7.5 Billion Aethon Acquisition
Mitsubishi Corporation announced on Jan. 16 that it has expanded its presence in the United States’ shale gas industry with the acquisition of Aethon III LLC and Aethon United LP’s shale interests in Texas and Louisiana. The $5.2 billion deal includes the assumption of $2.33 billion of Aethon debt and is expected to close between April and June, pending regulatory approvals. The agreement, which provides Mitsubishi with natural gas operations ac…
Albert Huddleston's energy firm sells assets for $5.2 billion
The private equity and energy investment firm founded by billionaire Albert Huddleston is selling its Haynesville Shale assets to Mitsubishi. Read on to learn more about the deal and what it means for Aethon going forward.
The Japanese company reported that Aethon's shale gas assets produce approximately 2.1 billion cubic feet per day of natural gas, equivalent to about 15 million tons of LNG per year.
Mitsubishi to buy Texas, Louisiana shale gas assets for $7.53 billion
Japanese trading house Mitsubishi Corp will buy the U.S. shale production and infrastructure assets of Aethon Energy Management for $7.53 billion, it said on Friday, its largest deal yet as it seeks to strengthen its gas supply chain.
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