Cases & Deals

PT Saka Energi Indonesia subsidiary acquires 36 percent working interest in 8,300 acres of Eagle Ford and Olmos shale formation rights

Clients PT Saka Energi Indonesia

Jones Day advised Saka Energi Fasken LLC, a subsidiary of PT Saka Energi Indonesia, an Indonesian state-owned upstream oil and gas entity, in the $175 million acquisition of a 36 percent working interest in the Eagle Ford and Olmos shale formation rights to approximately 8,300 acres in Webb County, Texas. This transaction marks the first investment by an Indonesian state-owned entity in a U.S. shale play, and includes additional drilling, completion and production operations to develop the properties.

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