HOUSTON — Castleton Resources LLC recently closed its acquisition of the Terryville upstream assets in northern Louisiana from subsidiaries of Range Resources Corp.
Concurrent with the closing, Tokyo Gas America Ltd. increased its ownership stake in Castleton Resources from 46 percent to approximately 70 percent, with the balance held by Castleton Commodities International LLC. Castleton Resources now owns over 315,000 net acres of leasehold in east Texas and northern Louisiana with total daily net production of nearly 500 MMcfe/d.
Castleton Resources will change its name to TG Natural Resources LLC by the end of March 2021.
For more information, visit www.castletonresources.com or www.tgamerica.com.