Energy and oilUpdated November 5

SOCAR closes the deal and gains a U.S. gas foothold

With the deal now closed, SOCAR has turned the agreement into a U.S. gas foothold through partial interests in Comstock’s Haynesville assets and infrastructure. It is an entry, not a takeover of the whole field or of Pinnacle Gas Services. Energy Intelligence describes the acquisition as part of SOCAR’s strategy to become a global upstream player.

1 publisher1 report

Coverage started November 5