Castleton Resources Scoops Up Shell’s Remaining Haynesville Assets
Castleton Resources, owned by a global energy commodity merchant and Tokyo Gas, has steadily been building a position of gas assets in the Ark-La-Tex region since its formation in 2014.
Drilling rig in the Haynesville Shale near Greenwood, La. (Source: Hart Energy)
Royal Dutch Shell Plc sold off its last package of Haynesville assets on Dec. 30 as the oil and gas supermajor finalizes its exit from the shale play.
The Anglo-Dutch company had previously sold off a bulk of its Haynesville assets roughly five years ago to Vine Oil & Gas LP and its partner Blackstone for $1.2 billion in cash. Shell’s remaining assets in the Haynesville gas play consisted of a nonoperated position, the company website said.
On Dec. 30, privately backed Castleton Resources LLC said it had closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of a Shell subsidiary. Terms of the transaction weren’t disclosed.