Tokyo Gas Takes Majority Stake in Castleton Resources

Updated 1 year 1 month ago

Tokyo Gas will increase its interest in Castleton Resources from 46% to 70% via Tokyo Gas America by buying shares from Castleton Commodities. The deal will close in August 2020, and Castleton Resources will be renamed TG Natural Resources by March 2021. Tokyo Gas' share of production will increase to 473 million cubic feet per day. Tokyo Gas has held an interest in Castleton Resources since May 2017.