Sabine Oil & Gas
Sabine Oil & Gas is a Houston-based independent oil and natural gas company focused on onshore operations in East Texas, targeting the Cotton Valley Sand and Haynesville Shale formations. It became a subsidiary of Osaka Gas USA Corporation on November 30, 2019, following a sale completed on December 2, 2019.
Company Overview
Sabine Oil & Gas is an independent oil and natural gas company headquartered in Houston, Texas. The company is involved in the acquisition, development, exploitation, and exploration of oil and natural gas properties onshore in the United States. It focuses on maximizing the potential of its resources through strategic and systematic approaches.
Operations and Focus Areas
Sabine Oil & Gas concentrates its operational efforts in East Texas, specifically targeting the Cotton Valley Sand and Haynesville Shale formations. These regions are known for their rich oil and natural gas reserves, making them prime locations for the company's development and exploratory activities. The company's expertise and targeted approach in these areas enable efficient resource extraction and production.
Corporate Transactions
On December 2, 2019, Sabine Oil & Gas completed a significant transaction with Osaka Gas USA Corporation. This sale marked a strategic move for the company and contributed to its growth and development. Prior to this, Sabine Oil & Gas became a subsidiary of Osaka Gas USA Corporation as of November 30, 2019, aligning itself with the broader corporate structure and operational synergies of its parent company.
Subsidiary of Osaka Gas USA Corporation
Since November 30, 2019, Sabine Oil & Gas operates as a subsidiary of Osaka Gas USA Corporation. This affiliation provides Sabine Oil & Gas with enhanced financial stability and strategic support from its parent company. The integration into a larger corporate entity allows for increased operational efficiencies and resource sharing, contributing to the company's long-term objectives in the oil and natural gas sector.