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Posted on 07/20/2026 5:06:23 AM PDT by DFG
Mitsubishi Corp. finalized a $7.5 billion acquisition of Dallas-based Aethon Energy Management’s Haynesville Shale assets this week, as another Japanese conglomerate moved to secure natural gas from northwest Louisiana for its LNG supply chain.
Tokyo-based Mitsubishi is the latest Japanese multinational energy company to buy production in north Louisiana following JERA’s February close on a $1.5 billion purchase of the South Mansfield gas field and supporting infrastructure from Williams and GeoSouthern Energy affiliates, both U.S.-based companies.
Taken together, Japanese multinationals will produce an estimated 4.5 billion cubic feet per day or about 30%-35% of the Haynesville region’s total natural gas in 2026. These companies have also bought stakes in LNG export terminals, giving them control of their LNG supply chains.
With Mitsubishi’s purchase of 400,000 gas-producing acres across Louisiana and East Texas, the underground pipelines, and its ownership interest in the Cameron LNG export terminal, the Japanese conglomerate seeks to secure a reliable, low-cost source of supply for its operations and customers overseas.
Another Japanese energy multinational, Tokyo Gas, acquired Rockcliff Energy’s production and pipeline assets in East Texas for $2.7 billion in 2024 to guarantee supply for its global trading operations. Tokyo Gas also owns and operates 10 LNG carriers. Similarly, Mitsui & Co. purchased acreage in the Tatonka sector of East Texas to fulfill its LNG supply contracts.
Mitsubishi created standalone operating subsidiary, Adamas Energy, to manage its Haynesville assets.
The new firm will be led by CEO Gordon Huddleston, the former managing partner of Aethon Energy.
"This transaction marks a milestone for our team, and we look forward to working alongside Mitsubishi to build upon our strong foundation in Haynesville," Huddleston said in a statement. "By combining our deep operational experience with their global resources and equity positions, we are uniquely positioned to maximize the potential of these premier assets."
Energy Department data shows Japan imported 65 million tons of LNG over the fiscal year ending in March, making the country the third largest importer of American gas in the year behind Mexico and South Korea. The European Union imported about 120 million tons of LNG during the same period.
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Gotta be good-right? They need it ans it’s not coming from the mideast.
VERY SMART for Japan to secure US end-to-end Natural Gas production, considering they have next to nothing themselves. Not sure how smart it is for us to sell it to them, though!
The US should ban the sale of energy natural resources/production to foreign companies.
Ain’t life grand? Another generation or so
and the USA be finding methods to fulfill its
needs for Natural Gas..... Hell in another
generation or so it may not be needed.
I read/heard that they are going to build a Natural Gas pipeline right next to the oil pipeline in Alaska.
So much natural gas gets wasted and burned off. Especially in places like ND where there is no storage capacity for the methane that comes out of the shale with the petroleum.
We were friends with Japan in the 1920s, just saying.
Its ironic. Back in the 1980s, this would have caused hysteria. When Japan bought anything in the US in the 1980s, it was frontpage news and hyped up because Japan was going to take over the word and it was evidence of the US decline. In retrospect, it was so over-sensationalized. Just a couple years after the newspaper headlines, Japan went into a 20-year slump and no one was talking about Japan taking over anymore. Then it was the EU for a while until it became clear that the EU was a bigger open border Welfare State basket case than the US was. Now its China. Why am I saying all this? Its all the lead-up to saying that Mitsubishi buying this infrastructure probably is good for the US and Louisiana. It will upgrade the plant and infrastructure and bring jobs. Mitsubishi will pour hundreds of millions if not billions into capital spending. And its not like they are taking it anywhere. Japan is a solid US ally and will be for a long time to come given how aggressive and nationalistic China has become.
What are we, AFRICA??
Not sure how smart it is for us to sell it to them, though!
This one is considered a liquidation. The Haynesville is a deep, high-pressure, dry-gas play. Wells are extremely expensive to drill and complete, costing anywhere from $7 million in legacy areas to over $28 million per well in deeper zones. However, the payoff is massive initial production rates. In new, deeper areas (like the Western Haynesville), some major operators have faced short-term net cash deficits on initial wells because of high initial drilling costs and fluctuating spot gas prices, despite yielding heavy volumes of gas.
wy69
Why?
If the current DSA candidates win a majority, they mean to seize the means of production. Maybe the former owners are telling us something.
The Trump economic Hooverville , marches on.
Starting with his predecessors, from Mr. “read my lips” on, sweat for the Masses, while The Exempt Ones stay Communist - Fascist control all the way
Traitors all to once a great country.
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