Castleton Resources LLC, a subsidiary of Castleton Commodities International LLC (CCI), closed a deal on Dec. 25 to acquire the East Texas and North Louisiana Haynesville shale assets of BG US Production Co. LLC, a Royal Dutch Shell plc subsidiary. Pro forma for the acquisition, Castleton Resources will hold 222,400 net acres in the region and produce some 334 MMcfe/d (net).
Castleton Resources is owned by CCI and Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co. Ltd. Concurrent with the transaction, Tokyo Gas America Ltd. will increase its interest in Castleton Resources to 46% from 30%.
