Kirkland Represents TG Natural Resources on Acquisition of Majority Stake in Chevron’s East Texas Gas Assets

Kirkland & Ellis advised TG Natural Resources LLC, a company indirectly owned by Tokyo Gas Co., Ltd. and Castleton Commodities International LLC, on its acquisition of 70% interest in the East Texas gas assets of Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development, prior to customary adjustments.

Read TG Natural Resources’ press release

The Kirkland team included real asset transactions lawyers Chad Smith, Will Eiland, Jonathan Strom, Patrick Lingwall, Nicholas Rinehart and Will Whitlock; debt finance lawyer Will Bos; tax lawyers David Wheat, Joe Tobias and David Gilbert; and environmental transactions lawyer Jonathan Kidwell.