Osaka Gas Participates in Shale Gas Project in Texas
Vinson & Elkins advised Osaka Gas USA Co. in its agreement with Sabine Oil & Gas Corporation and its subsidiary Sabine East Texas Basin LLC (collectively Sabine) to acquire 35% of Sabine’s working interest in gas properties located primarily in Harrison and Panola Counties, Texas, USA. As a result of this acquisition, Osaka Gas will obtain approximately 30% of the working interest in the formations in the shale assets.
The V&E corporate team was led by partners John B. Connally and Shay Kuperman with senior associate Luke Edney and associate Josh Rocha. Also advising were partner Sean Becker; partner Todd Way, senior associate Julia Pashin and associate Megan James; counsel Brad Foxman; partner Billy Vigdor; and partner Larry Nettles.
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