One-Page Deal Sheet
Tokyo Gas Acquires 25% Take in Eagle Ford Project
Tokyo Gas Co., Ltd. Virtex Operating Co Inc
Announced Date
June 23,2016
Close Date
June 21,2016
Transaction Type
Working Interest
Location
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Webb ,La Salle
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Tokyo Gas America Ltd. (wholly owned subsidiary of Tokyo Gas Co., Ltd.) closed the transaction through its affiliate to acquire the Eagle Ford shale gas assets of the VirTex group located in the Webb and La Salle counties of south Texas. It is the second time for Tokyo Gas to join the shale gas development in the US, following the Barnett shale gas venture in 2013.
The approx. 34,000 acre assets correspond to the 25% working interest in the joint project with Lewis Energy Group (operator) and BP Lower 48. Tokyo Gas estimates that the net capital required to be some 75 million US dollars…
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-18-2026 |
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Click here | Texas | E&P |
| Jan-08-2026 |
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Click here | Texas | E&P |
| Dec-05-2024 |
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Click here | Texas | E&P |
| May-16-2024 |
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Click here | Texas | E&P |
| Nov-03-2022 |
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Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
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| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
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| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
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