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Sumitomo Corp
4 articles mentioning Sumitomo Corp
Japanese Conglomerate Exits Shale Biz with Sale of Eagle Ford Asset
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....
Sumitomo Sells Off Stake in Marcellus JV Project
Sumitomo Corp. has closed on the sale of its 30% stake in Marcellus Shale Gas development project. The buyer and sale price were not disclosed. Sumitomo acquired the stake in the project back in 2010, purchasing...
Devon/Sumitomo Dismantling $1.5 Billion Permian JV
It is getting ugly. Devon and Sumitomo Corp continues to dismantle the once lauded $1.5 billion Southern Midland Basin JV otherwise known as the cline shale. Sumitomo's inital deal was structured as a $1.4 billion JV...
Devon Closes Sumitomo $1.4 Billion Joint Venture
The joint venture covers approximately 650,000 net acres in the Cline Shale and the Midland-Wolfcamp Shale. Sumitomo will invest $1.4 billion in exchange for 30 percent of Devon’s interest in these projects.