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Osaka Gas to acquire Sabine Oil
July 30, 2019
Source: Reuters

Osaka Gas to acquire Sabine Oil

Japanese gas firm, Osaka Gas has announced plans to buy U.S. shale gas developer Sabine Oil & Gas Corp in a $610 million deal. The acquisition will give Osaka the operatorship of 175,000 net acres in East Texas, with approximately 1,200 wells yielding about 1.7 million tonnes of shale gas a year. The deal is in line with Osaka’s strategy to grow its overseas business for future growth.

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