Tokyo Gas Unit Acquires Rockcliff Energy for $2.7 Billion

The acquisition quadruples TG Natural Resources' natural gas production, positioning it as one of the largest shale gas producers in Texas and Louisiana.

TG Natural Resources (TGNR), a unit of Tokyo Gas, has agreed to acquire Texas-based natural gas producer Rockcliff Energy for $2.7 billion.
The acquisition is part of Tokyo Gas's strategy to expand its North American shale gas operations to meet growing demand for natural gas as an energy transition fuel.
With the acquisition, TGNR's natural gas production will quadruple to 1.3 billion cubic feet per day, making it one of the largest shale gas producers in Texas and Louisiana.
Rockcliff Energy's output area is located adjacent to TGNR's blocks, which is expected to make gas production more efficient.
The production is also close to new liquefied natural gas (LNG) export terminals and other facilities expected to increase demand for natural gas in the future.