Mitsui & Co., the Japanese trading group and LNG investor, said its US subsidiary Mitsui E&P Texas LP (MEBTX) has closed a previously announced transaction to acquire a 12.5 percent working interest for about $700 million in SM Energy Co.'s Eagle Ford shale-gas property in the US state of Texas. Mitsui said it aimed to expand its shale business "leveraging its global network and knowledge acquired."
Mitsui closes Texas shale deal
Written by John McKay
Tuesday, 06 December 2011
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