INPEX Americas’ Acquisition of GulfTex Energy’s Assets


Shearman & Sterling advised GulfTex Energy on the sale of some 13,000 acres and 7,600 barrels of oil equivalent per day in the Eagle Ford Shale to INPEX Americas.

As part of the transaction, GulfTex conveyed the assets into a newly formed subsidiary and sold 100% of the membership interests to INPEX in exchange for an unadjusted purchase price. This transaction closed on April 15, 2019.

GulfTex Energy is a privately held oil and gas exploration, production and development company based in San Antonio, Texas.

INPEX Corp., the parent of INPEX Americas, is Japan’s largest exploration and production company.

Shearman & Sterling advised GulfTex Energy with a team including Sarah McLean (Picture), Todd Lowther, Robert S. LaRussa, Kelli Sims, John M. Craven, Monica Raspino, Alix Charles, Devon Yamauchi, Douglas Goldstein and Adam Sternberg.

Involved fees earner: Alix Charles – Shearman & Sterling; John Craven – Shearman & Sterling; Douglas Goldstein – Shearman & Sterling; Robert LaRussa – Shearman & Sterling; Todd Lowther – Shearman & Sterling; Sarah McLean – Shearman & Sterling; Monica Raspino – Shearman & Sterling; Kelli Sims – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Devon Yamauchi – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Inpex Corporation;