Top Story | Deals - Acquisition, Mergers, Divestitures | Corporate Strategy
Japanese Conglomerate Exits Shale Biz with Sale of Eagle Ford Asset
Print
|
Japanese conglomerate Sumitomo Corp. has exited the US shale business with the sale of its Eagle Ford position, according to multiple reports.
The financial terms of the sale as well as the buyer were not disclosed.
The company sold the property sometime during the fourth quarter of 2020, according to a statement from company executives.
Sumitomo originally acquired the asset in July 2018 from a portfolio company of IOG Capital, among others. At the time, the assets span 624 acres in Karnes County, TX and produced 3,000 boepd.
Exit from US Shale BizFollowing the sale of its Marcellus interests in September 2020, this deal marks the company's exit from the US shale business.
The company has signaled that it will no longer invest in oil-focused projects going forward, instead turning its…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
|---|---|---|---|---|---|
| 02/26/2026 | E&P | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal |
|
|
|
| 02/18/2026 | E&P | SM Energy Sells Eagle Ford Asset for $950 Million |
|
|
|
| 02/17/2026 | E&P | Ovintiv Sells Anadarko Assets for $3 Billion |
|
|
|
| 02/02/2026 | E&P | Vista Energy Acquires Equinor Non-Working Interest In Vaca Muera |
|
|
|
| 02/02/2026 | E&P | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank |
|
|
|
| 01/16/2026 | E&P | Mitsubishi’s Strategic Entry into U.S. Shale with Aethon’s Haynesville Platforms |
|
|
|
| 12/22/2025 | E&P | Harbour Energy Enters GOM; Buys LLOG |
|
|
|
| 12/18/2025 | E&P | JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources |
|
|
|
| 12/08/2025 | E&P | Antero Resources Acquires HG Energy II for $3.9B |
|
|
|
| 12/08/2025 | E&P | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B |
|
|
|
| Total |
|