CCI and Tokyo Gas-backed Castleton Resources completed the acquisition of Terryville upstream assets in Northern Louisiana from Range Resources for $245m.

CCI and Tokyo Gas-backed Castleton Resources, a Houston-based oil company, completed the acquisition of Terryville upstream assets in Northern Louisiana from Range Resources, a petroleum and natural gas exploration and production company, for $245m. "We are very pleased to be able to purchase quality assets at a low-point in the commodity-price cycle. The company is well-positioned to enhance the value of these assets through further operational enhancements, among other activities. We remain focused on strategically growing and diversifying our upstream and midstream assets, and broadening our portfolio with attractive opportunities that complement our long-term business strategy," Craig Jarchow, Castleton Resources President and CEO.