The SET-listed energy company Banpu Plc says it has completed the acquisition of natural gas and midstream assets in a shale field in the US state of Texas from two subsidiaries of Exxon Mobil Corporation.
Banpu acquired the assets in the Barnett Shale development through BKV Corporation (BKV), its 96.12%-owned subsidiary, in a transaction worth US$750 million (26.45 billion baht), with contingent payments up to $50 million. the sellers were the Exxon units XTO Energy Inc and Barnett Gathering LLC.
