HOUSTON, Dec. 2, 2019 /PRNewswire/ — Sabine Oil & Fuel Holdings, Inc. (“Sabine Holdings”) is happy to announce in the present day that it has closed the sale of its subsidiary, Sabine Oil & Fuel Company (“Sabine Corp”), to Osaka Fuel USA Company (“Osaka Fuel USA“), a subsidiary of Osaka Fuel. As a part of the sale, Osaka Fuel USA will retain the present Sabine government staff and staff.
Sabine Holdings has utterly divested of all its oil and fuel belongings since rising from chapter in August 2016. East Texas manufacturing and reserves elevated considerably primarily by proving up the Haynesville play in Texas with a mix of longer laterals and enhanced completions and proving up new Cotton Valley drilling stock with longer laterals.
Doug Krenek, Sabine Holdings’ President and CEO commented, “I’m very pleased with what the administration staff and staff of Sabine achieved in a three-year interval given a really difficult market. We admire Osaka Fuel USA recognizing our distinctive expertise and buying it together with our belongings. We glance…
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