Japanese Trading House Mitsui Buys Shale Gas Asset in Texas

Japanese trading house <-bsp-bb-link state="{"bbHref":"bbg://securities/8031%20JT%20Equity","_id":"00000190-47fe-d497-a7fb-efff4d820002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Mitsui & Co. Ltd bought a shale gas asset in Texas that it seeks to bring to full-scale development after 2026.

Mitsui’s US-based subsidiary purchased the 46,500 acre asset named Tatonka in Texas from Sabana LLC and Vanna LLC, it said Monday, without disclosing a price. It will drill wells to evaluate the site, which has access to liquefied natural gas export terminals and ammonia plants on the Gulf Coast.

Mitsui last year <-bsp-bb-link state="{"bbDocId":"RTEBWET0G1KW","_id":"00000190-47fe-d497-a7fb-efff4d840000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">boughta 92% stake in a shale gas asset in South Texas from Silver Hill Eagle Ford, as Japanese companies bet that demand for ...