HOUSTON, March 27, 2025/ PRNewswire/– JAPEX (U.S.) Corp. (JUS), the abroad combined subsidiary of Japan Petroleum Expedition Co. Ltd. (” JAPEX”), today revealed the closing of an equity dedication to Peoria Resources, LLC (” Peoria”) as part of JAPEX’s strategy to get run U.S. onshore oil and gas properties while investing $ 1.5 bn in expedition and advancement tasks from FY 2022 through completion of FY 2030. Peoria looks for to perform its technique through run properties and leasehold acquisitions throughout the lower 48.
Based in Houston, Peoria is an expedition and production business pursuing the acquisition and advancement of run oil and gas properties in the lower 48. The Peoria management group is led by co-founders Greg West, President, and David Kita, Chief Technical Officer. Prior to Peoria, West and Kita interacted as part of the management group at Treadstone Energy Partners and have comprehensive experience in upstream oil and gas.
” We are delighted to partner with JAPEX to develop a healthy, scalable run oil and gas company, utilizing excellent personnel who provide quality options for capital and extra equity financial investment throughout both brief and long term horizons,” stated Greg West, President.
” JUS has a tested performance history in the U.S. onshore oil and gas sector and shares our long-lasting vision for worth development. Our company believe that our experience recognizing and enhancing properties, coupled with JAPEX’s proficiency, will place Peoria to develop an effective run oil and gas company,” included David Kita, Chief Technical Officer.
” We are delighted to partner with the Peoria management group. They have comprehensive experience in business and have actually had fantastic success with personal equity establishing oil and gas properties,” stated Tetsuo Fukuhara JUS President.
” Our dedication to the U.S. market stays strong, and we eagerly anticipate working carefully with the Peoria management group to develop run company with a financial investment structure for sustainable earnings,” included Josh Karim, JUS Chief Operating Officer.
Willkie Farr & & Gallagher LLP functioned as legal consultant to Peoria and K&L Gates LLP functioned as legal consultant to JUS in connection to the development of Peoria.
About JAPEX (U.S.) Corp.
JAPEX (U.S.) Corp., which was developed in 1980, is a Houston– based overseas combined subsidiary of JAPEX, concentrated on making domestic financial investments in the energy market. For additional information, please see: https://www.JAPEX.co.jp/en/.
About Peoria Resources, LLC
Peoria Resources, a Houston– based expedition and production business established by Greg West and David Kita, is pursuing the acquisition and advancement of run oil and gas properties in the lower 48. For additional information, please see: www.peoriaresources.com.
CONTACT: Josh Karim, joshua.karim@japex.com
View initial material: https://www.prnewswire.com/news-releases/japex-provides-equity-commitment-to-peoria-resources-302413798.html
SOURCE Japex (U.S.) Corp
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