Sep. 07, 2020
Sumitomo Corporation
Closing of Asset Sale in Marcellus Shale Project
Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) announced that on Sep 4th, it closed a transaction to sell Marcellus Shale Gas development project and its relevant assets (the Project) in the state of Pennsylvania. Sumitomo Corporation, through its consolidated subsidiary in U.S.A., Summit Discovery Resources LLC (SDR), participated in the Project on September 2010.
＜Related Information＞
■Project Overview
| Location | : | Butler County, Pennsylvania in U.S.A., etc. |
| Operator | : | PennEnergy Resources, LLC |
| SDR Net Working Interest | : | ～30％ |
■Outline of SDR
| Company name | : | Summit Discovery Resources LLC |
| Head Office | : | Houston, Texas, in U.S.A. |
| Investors | : | Sumitomo Corporation, 70% Sumitomo Corporation of Americas, 30% |
- Inquiries
- Corporate Communications Department, Sumitomo Corporation
- News Release Contact Form
