One-Page Deal Sheet
TG Natural Resources Acquires Interest in Chevron’s Haynesville Asset
TG Natural Resources Chevron Corp
Announced Date
April 01,2025
Transaction Type
Asset
Enterprise Value (EV)($MM)
525
Asset/Basin:
["Haynesville"]
TargetZones:
["Haynesville Shale"
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex - East Texas
Country
United States
State
Texas
County
Panola
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
TG Natural Resources LLC—a joint venture backed by Tokyo Gas Co., Ltd. and Castleton Commodities International LLC—closed on the acquisition of a 70% interest in Chevron U.S.A. Inc.’s East Texas gas assets for a total consideration of $525 million.
The deal structure includes $75 million in upfront cash and $450 million in drilling carry.
The transaction adds over 250 gross Haynesville drilling locations to TGNR’s inventory, effectively extending its development runway to 20+ years at its current pace. The acreage is primarily undrilled and held by shallower production, minimizing…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Apr-27-2022 |
-  |
- |
Click here | Texas | E&P |
| Nov-09-2020 |
- |
- |
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| Dec-20-2019 |
- |
- |
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| Nov-07-2019 |
- |
- |
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| Jul-29-2019 |
- |
- |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-26-2026 | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal | - |
- |
| Dec-15-2023 | TG Natural Resources To Acquire backed-Rockcliff Energy II For $2.7 Billion | - |
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| Jul-13-2022 | Tellurian to Acquire Haynesville Assets from EnSight for $125 Million | - |
- |