Tokyo Gas purchases Chevron’s Texas gas assets for $525 million

Tokyo Gas purchases Chevron’s Texas gas assets for $525 million

TG Natural Resources, owned by Tokyo Gas Co. and Castleton Commodities International, is acquiring a 70% stake in the East Texas gas assets of Chevron U.S.A. Inc., a subsidiary of Chevron Corp., for $525 million. The move, announced Tuesday, marks Tokyo Gas’ expansion of its U.S. business at a time when President Donald Trump is seeking to boost U.S. gas exports. Tokyo Gas denies the move is in response to Trump’s policies — the investment was b…

Tokyo Gas Buys 70% in Chevron’s Haynesville Natural Gas Assets

TG Natural Resources has agreed to buy 70% of Chevron’s natural gas assets in East Texas for $525 million, as the company indirectly owned by Japan’s Tokyo Gas and Castleton Commodities International expands its footprint in the Haynesville shale gas play. Of the $525 million price of the deal, TG Natural Resources (TGNR) is paying $75 million in cash, while the remainder $450 million would be paid as a capital carry to fund Haynesville developm…

Tokyo Gas purchases Chevron's Texas gas assets for $525 million

TG Natural Resources, owned by Tokyo Gas Co. and Castleton Commodities International, is acquiring a 70% stake in the East Texas gas assets of Chevron U.S.A.

Japan's Tokyo Gas expands in US shale gas with Chevron deal

TOKYO : TG Natural Resources LLC (TGNR), co-owned by Tokyo Gas and Castleton Commodities International, has bought a 70 per cent stake in east Texas gas assets from Chevron for $525 million, the company said on Tuesday, as it expands its U.S. gas business.TGNR is already the fourth biggest producer in the

Tokyo Gas to buy Texas shale stake from Chevron

TOKYO -- Tokyo Gas has decided to acquire part of a shale gas development in Texas from U.S. oil major Chevron, Nikkei has learned, as the Japanese en

TG Natural Resources, owned by Tokyo Gas Co. and Castleton Commodities International, announced the acquisition of 70% of East Texas gas assets from Chevron U.S.A. Inc., a subsidiary of Chevron Corp., for $525 million. The movement, announced Tuesday, is an expansion of Tokyo Gas in its business [...] The entry Japanese company buys Chevron gas assets in Texas for $525 million was first published in Information Focus.