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ALT - Haynesville 2019 deal: Osaka buys Sabine for $610MM - August 01, 2019
One of Japan’s largest LNG importers is making a bet on US gas in the Ark-LaTex region. Osaka Gas Co. Ltd. agreed to acquire private E&P firm Sabine Oil & Gas for $610 million. This is the second major transaction focused on the Haynesville in the last two months, following June’s $2.2 billion merger of Comstock Resources and Covey Park Energy, both of which have East Texas development programs offsetting the Sabine acreage. Sabine’s main asset is 175,000 net acres (90% operated, 76% WI, 91%......
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