Tg natural resources acquires majority stake in chevron's east texas gas assets, strengthening leadership in the haynesville play

Houston--(business wire)--tg natural resources llc (“tgnr”), a company indirectly owned by tokyo gas co., ltd. (“tokyo gas”) and castleton commodities international llc (“cci”), announced that it has closed on a transaction to acquire a 70% interest in the east texas gas assets of chevron u.s.a. inc., a subsidiary of chevron corporation (“chevron”), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund haynesville development, prior to customary adjustments.
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