Overview

• Negotiations between Mitsubishi Corp and Aethon Energy Management remain underway with no guarantee of a finalized deal.
• Aethon’s upstream operations center on the Haynesville shale in Louisiana and East Texas and include more than 1,400 miles of pipelines reaching into Wyoming.
• The potential purchase would grant Mitsubishi a major gas supply network and position its natural gas holdings alongside burgeoning Gulf Coast export terminals.
• The U.S. assets are owned by Aethon, with RedBird Capital Partners and the Ontario Teachers’ Pension Plan holding significant stakes.
• Discussions first surfaced in November as Aethon explored strategic options and this week both Reuters and Bloomberg confirmed the roughly $8 billion valuation.