Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company. Castleton Commodities International LLC’s subsidiary, Castleton Resources LLC (CR), has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company LLC. As a result of the deal, CR will hold approximately 222,400 net acres in the region and produce approximately 334 million cubic feet equivalent per day (net), according to CR. The value of the deal was not disclosed by CR. “This transaction is consistent with our strategy of asset aggregation and subsequent cost reduction in the Ark-La-Tex region,” Craig Jarchow, president and chief executive officer of CR, said in a company statement. “Castleton Resources will execute this transaction with no increase in ongoing general and administrative expenses. With the help of our partners, we are well positioned to continue building a […]