Grayrock Energy to acquire US gas unit from Tokyo Gas for $255 million
Grayrock Energy IV LLC has agreed to acquire US natural gas assets from a subsidiary of Tokyo Gas America Co. Ltd. for $255 million.
Grayrock will acquire Tokyo Gas’ US-based subsidiary, TGNR TVL LLC, which operates in Louisiana’s Haynesville and Cotton Valley formations.
In a statement, Tokyo Gas said the gas assets were acquired from Range Resources in August 2020.