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Marubeni exits US Gulf project with stake sale

Marubeni has sold its 12.5% interest in the Big Foot oil and gasfield in the US Gulf to Modiin Energy and Eventide Partners, the companies said on Thursday. The stake was sold through a wholly owned Marubeni subsidiary to ME BigFoot, which is 90% owned by Israel-based Modiin Energy and 10% by Eventide Partners. The […]

Marubeni acquires Barnett shale operator EagleRidge Energy

Marubeni Corporation has completed its acquisition of EagleRidge Energy, adding one of the largest operators in the Barnett shale to its growing North American natural gas portfolio. Dallas-based EagleRidge operates more than 3,500 wells across approximately 450,000 gross acres in North Texas and produces about 300 MMcfe/d, making it the third-largest producer in the Barnett Shale, according […]