JERA Closes $1.5B South Mansfield Haynesville Deal

JERA has completed its acquisition of the South Mansfield upstream asset in the Haynesville Shale basin in western Louisiana, in a transaction valued at $1.5bn. The purchase was executed through JERA’s subsidiary, JERA Americas, under a previously announced agreement with Williams and GEP Haynesville II.

The asset produces more than 500 mscf/d and includes 200 undeveloped sites. JERA intends to enhance production to one billion standard cubic feet per day. The acquisition grants JERA full ownership of the asset.