Texas Oil Family to Benefit From Potential $8-Billion Mitsubishi Deal

Texas Oil Family to Benefit From Potential $8-Billion Mitsubishi Deal

Mitsubishi Corp. is reportedly in talks to acquire Aethon Energy’s shale and pipeline assets for up to $8 billion, enriching the descendants of Texas oil baron H.L. Hunt.

Texas Oil Family Poised to Profit from Potential $8-Billion Mitsubishi Deal

A prominent Texas oil family stands to gain significantly from a potential $8-billion deal with Mitsubishi Corporation, highlighting the enduring allure of the oil and gas sector. The transaction, reported by OilPrice.com, underscores not only the financial windfalls possible in the industry but also the unique tax advantages that continue to make oil and gas investments attractive to high-net-worth individuals and families. Is Oil & Gas Right …

Texas oil family to benefit from potential $8-billion Mitsubishi deal – Oil & Gas 360

(Oil Price)– Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of producing wells in East Texas. Reports emerged earlier this week that Mitsubishi Corp. is

Texas Oil Dynasty Targets Payout With $8 Billion Mitsubishi Deal - Energy News, Top Headlines, Commentaries, Features & Events

Bloomberg Albert and Gordon Huddleston, part of the H.L. Hunt family, are in advanced talks to sell Aethon Energy Management’s assets to Mitsubishi Corp. for nearly $8 billion. The potential deal would mark a milestone for the father-son duo and their family’s legacy in the oil industry, which spans over a century and began with ...