Overview
- Mitsubishi disclosed the purchase in a Tokyo Stock Exchange filing, with $5.2 billion in equity and $2.33 billion of assumed debt.
- The Haynesville package in Texas and Louisiana includes producing gas assets, gathering and transport infrastructure, and roughly 200 undeveloped drilling locations across about 210 square kilometers.
- Production from the assets exceeds 500 million cubic feet per day, placing feedstock close to Gulf Coast LNG terminals and major industrial markets.
- The company says the deal will reinforce its natural gas and LNG earnings base and support expansion into power generation, data centers, chemicals, and related businesses.
- Reporting describes the transaction as the largest by a Japanese firm in U.S. shale, and Mitsubishi shares fell about 2% following the announcement.