Castleton Commodities International LLC (“CCI” or the “Company”) today announced that it has acquired, through its subsidiaries, certain East Texas assets and operations from EDF Trading Resources, LLC.
The terms of the deal are not being disclosed.
The acquired assets consist of working interests in 545 oil and gas wells and approximately 30,855 net acres in multiple counties throughout East Texas. The acquisition provides CCI with a significant proven reserve base that complements and expands the Company’s existing oil and gas operations in the area.
ABOUT CASTLETON COMMODITIES INTERNATIONAL LLC
CCI is a global commodities merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations, 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, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.
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