Castleton Resources Acquires Shell's East Texas and North Louisiana Assets

Updated 1 year 7 months ago

Castleton Resources closed the acquisition of the East Texas and North Louisiana Haynesville shale assets of Shell. Pro forma for the acquisition, Castleton will hold 224,000 net acres in the region and produce 334 million net cubic feet equivalent. Concurrent with the transaction, Tokyo Gas will increase its interest in Castleton from 30% to 46%. Moelis served as a financial advisor to Castleton for this deal.