Castleton Commodities International LLC (CCI), Stamford, Conn., has acquired Carthage upstream and midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corp. for more than $1 billion.
With the acreage included in the deal, CCI will own more than 160,000 net acres of leasehold in East Texas. As of the effective date, net production to CCI in East Texas increased to 320 MMcfd of natural gas equivalent.
“The company is well-positioned to enhance the value of these acquired assets through further development of the Haynesville shale, amongst other operational activities,” commented Craig Jarchow, president of CCI’s oil and gas division.
CCI is a global commodities merchant with operations consisting of physical and financial commodities trading, and the ownership, operation, and development of commodities-related upstream and infrastructure assets.
