Shearman & Sterling advised GulfTex Energy on the sale of some 13,000 acres and 7,600 barrels of oil equivalent per day in the Eagle Ford Shale to INPEX Americas. As part of the transaction, GulfTex conveyed the assets into a newly formed subsidiary and sold 100% of the membership interests to INPEX in exchange for an unadjusted purchase price. This transaction closed on April 15, 2019.
GulfTex Energy is a privately held oil and gas exploration, production and development company based in San Antonio, Texas.
INPEX Corp., the parent of INPEX Americas, is Japan’s largest exploration and production company.