Willkie advises JAPEX U.S. Corp. on $1 billion acquisition of Peoria Resources LLC

JAPEX (U.S.) Corp. is the overseas consolidated subsidiary of Japan Petroleum Exploration Co. Ltd., and it is backing Peoria Resources, a newly formed Houston-based exploration and production company founded by Greg West and David Kita, formerly of Treadstone Energy Partners' management team.
The transaction was an equity commitment from JAPEX (U.S.) Corp. to support Peoria Resources' acquisition and development of operated oil and natural gas assets in the lower 48; JAPEX framed it within a broader US$1.5 billion investment plan for exploration and development projects running from FY 2022 through FY 2030.
JAPEX announced closing on March 27, with the partnership positioned as a platform to acquire operated U.S. onshore assets and develop operated oil and natural gas positions across the lower 48.

JAPEX (U.S.) Corp. is the overseas consolidated subsidiary of Japan Petroleum Exploration Co. Ltd., and it is backing Peoria Resources, a newly formed Houston-based exploration and production company founded by Greg West and David Kita, formerly of Treadstone Energy Partners' management team.
The transaction was an equity commitment from JAPEX (U.S.) Corp. to support Peoria Resources' acquisition and development of operated oil and natural gas assets in the lower 48; JAPEX framed it within a broader US$1.5 billion investment plan for exploration and development projects running from FY 2022 through FY 2030.
JAPEX announced closing on March 27, with the partnership positioned as a platform to acquire operated U.S. onshore assets and develop operated oil and natural gas positions across the lower 48.

Deal Overview