Castleton Commodities International $1 billion acquisition of Anadarko Petroleum assets

18/11/2016

Private acquisition

Value:

$ 1 billion

Status:

Announced

Date:

18/11/2016

Overview:

Global trader Castleton Commodities International has acquired $1 billion of assets from Texas-based Anadarko Petroleum.
The purchase consists of Carthage upstream and midstream assets from the Hanyesville Shale located in East Texas.
The deal follows an acquisition of assets in the Gulf of Mexico by Anadarko a couple of months ago.
Castleton now owns more than 160,000 acres leasehold in East Texas.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Bracewell

Party: Castleton Commodities International (Acquirer)

Lawyers: D Kirk Morgan II, W James McAnelly III

Vinson & Elkins

Party: Castleton Commodities International (Acquirer)

Lawyers: John Connally (retired), Shay Kuperman

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