Mitsui Expands Shale Footprint With Texas Purchase

Japanese trading major Mitsui has acquired more shale acreage in Texas as it seeks to expand its presence in the prolific region. The asset, dubbed Tatonka, was sold by two private companies—Sabana LLC and Vanna LLC, Mitsui said in a news release. It also noted that the asset has access to the Gulf Coast industrial area including export terminals for liquefied natural gas and ammonia production facilities. “In the U.S., where demand for natural gas is expected to increase due to the start-up of new LNG projects and growth…