Mitsubishi Corp Acquires Aethon Energy's Shale Assets in Texas and Louisiana for $7.53 Billion
Mitsubishi Corp has announced the acquisition of Aethon Energy Management's U.S. shale production and infrastructure assets for $7.53 billion, which includes $5.2 billion for equity interests and $2.33 billion in debt. This deal, focused on the Haynesville shale formation, aims to enhance Mitsubishi's integrated energy business and strengthen its natural gas value chain, with closure expected between April and June pending regulatory approvals. Aethon is one of the largest privately held U.S. gas producers, with a production capacity of 2.1 billion cubic feet per day.
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Mitsubishi Corp has agreed to acquire the U.S. shale production and infrastructure assets of Aethon Energy Management for $7.53 billion, which includes $5.2 billion for equity interests and $2.33 billion in debt. This acquisition, focused on the Haynesville shale formation, aims to enhance Mitsubishi's integrated energy business and strengthen its natural gas value chain.
The deal is expected to close between April and June, pending regulatory approvals. Aethon is one of the largest privately held U.S. gas producers, with production of 2.1 billion cubic feet per day. Mitsubishi also holds interests in various LNG projects globally, producing approximately 15 million metric tons per year.
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