Castleton Commodities International LLC ("CCI" or the "Company") today announced that it has acquired, through its subsidiaries, certain East Texas assets and operations of Patara Oil & Gas LLC.
"This transaction enhances CCI’s existing reserve portfolio and demonstrates our continued dedication to growing and diversifying our upstream asset base" said William C. Reed II, President and Chief Executive Officer of CCI. The acquired assets consist of over 500 gross natural gas wells and approximately 80,000 gross acres in mineral leases, providing a significant proved reserve base. The assets are located in multiple counties within East Texas.
About Castleton Commodities International LLC
CCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power and coal and financial instruments related to commodities. CCI is headquartered in Stamford, CT with offices in Houston, Texas, and Denver, Colorado, as well as foreign affiliate offices in Calgary, Canada; Geneva, Switzerland; Shanghai, China; Singapore; and Uruguay.
For further information, please contact:
Vice President, Investor Relations
Castleton Commodities International LLC
Tel: (203) 564-8332
February 4, 2014