By Tyler Losier, Energy Reporter, Oil & Gas 360

Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation
Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation.

Should the deal close as expected, it would mark the first time in history that a Japanese company has purchased a U.S.-based shale gas developer.

Source: Sabine Oil & Gas

Since July of last year, Osaka has worked to acquire a 35% interest in the eastern half of Sabine’s asset base. With this latest agreement, however, the company will now own all ...


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