Mitsui E&P USA
Mitsui E&P USA LLC is a Houston-based, wholly-owned Mitsui & Co. subsidiary that holds operated and non-operated working interests in US Marcellus and Eagle Ford shale wells plus operated Texas gas assets and an offshore Corpus Christi carbon capture venture, selling natural gas and oil to Gulf Coast industrial buyers.
- Company typePrivate
- Founded2010
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Mitsui E&P USA does
Mitsui E&P USA LLC (MEPUSA) is a Houston-based oil and gas exploration and production company and a wholly-owned subsidiary of Mitsui & Co., Ltd., the Japanese trading conglomerate. The company holds a portfolio of US onshore and offshore upstream assets, comprising non-operated working interests in the Marcellus Shale in Pennsylvania (1,000+ drilled wells) and the Eagle Ford Shale in South Texas (approximately 2,000 producing wells, plus potential in the Austin Chalk and other horizons), operated unconventional natural gas assets in South Texas (Hawkville field, Webb County, ~8,500 gross acres at 92% WI, targeting over 200 MMcf/day) and East Texas (46,500 acres acquired in 2024), an offshore carbon capture and storage position through the Aves joint venture with Repsol and Carbonvert covering 140,000+ acres near Corpus Christi with expected capacity above 600 million tons of CO2, and retained exploration rights in Argentina.
MEPUSA's core technical capabilities center on hydraulic fracturing and horizontal drilling applied across multiple US shale horizons. The company was a non-operator for its first decade (2010-2022) before transitioning to operator status in 2023 through the Silver Hill Hawkville acquisition, which materially expanded internal subsurface, completions, and midstream capability. Products are sold as commodity oil and natural gas, priced at prevailing market rates, and distributed exclusively through a partnership with Mitsui & Co. Energy Marketing and Services (USA), Inc., which channels volumes to Gulf Coast industrial consumers, LNG export terminals, and ammonia plants.
Revenue is generated from working-interest share of production across the operated and non-operated asset base. Pricing is commodity-linked and not publicly disclosed at the MEPUSA level. The business model combines long-life non-operated cash flow from legacy Marcellus and Eagle Ford positions with higher-control operated development in Texas and an emerging low-carbon services line via CCS, all funded by Mitsui & Co. parent capital. The company markets itself primarily through its corporate website and industry events rather than direct consumer channels.
Mitsui E&P USA firmographics
Firmographics- Name
- Mitsui E&P USA
- Legal name
- Mitsui E&P USA LLC
- Website
- https://mitsui-ep.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mitsui E&P USA LLC is a Houston-based, wholly-owned Mitsui & Co. subsidiary that holds operated and non-operated working interests in US Marcellus and Eagle Ford shale wells plus operated Texas gas assets and an offshore Corpus Christi carbon capture venture, selling natural gas and oil to Gulf Coast industrial buyers.
- Ownership category
- akta.pro rank
Mitsui E&P USA industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Natural Gas Extraction (21113), Crude Petroleum Extraction (211120)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)
- akta.pro secondary industries
- Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)
Keywords
Where Mitsui E&P USA is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Mitsui E&P USA business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Oil and Gas Production Revenue: Revenue generated from production and sale of oil, natural gas, and associated petroleum products from operated and non-operated working interests in US shale assets
- Natural Gas Marketing: Products marketed through partnership with Mitsui & Co. Energy Marketing and Services (USA), Inc. to Gulf Coast industrial region including LNG export terminals and ammonia plants
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Mitsui E&P USA product offering
Product offeringCore offering
Mitsui E&P USA LLC is an oil and gas exploration and production company that acquires, develops, and produces hydrocarbon resources from US shale formations. The company holds non-operating working interests in the Marcellus Shale (Pennsylvania) and Eagle Ford Shale (South Texas), and operates unconventional natural gas assets in South Texas (Hawkville field, Webb County) and East Texas. It also pursues carbon capture and storage (CCS) through the Aves joint venture with Repsol and Carbonvert, covering over 140,000 acres offshore Corpus Christi with an expected storage capacity of more than 600 million tons of CO2.
Product overview
Mitsui E&P USA LLC is an oil and gas exploration and production company and wholly-owned subsidiary of Mitsui & Co. The company operates a portfolio of upstream energy assets across multiple U.S. basins, including non-operated working interests in the Marcellus Shale (Pennsylvania) and Eagle Ford Shale (South Texas), as well as operated assets in South Texas (Hawkville field) and East Texas. The company also operates carbon capture and storage initiatives through its Corpus Christi Offshore CCS project and the Aves joint venture. Products are marketed through Mitsui & Co. Energy Marketing and Services (USA), Inc. The portfolio is managed through the EnergyLink owner relations portal for royalty interest owners.
Differentiator
Problem solved
Functional benefit
Products and services
- Marcellus Non-Operated Asset Non-operating working interest in the Marcellus Shale formation in Pennsylvania, one of the largest natural gas deposits in the United States. The asset uses horizontal drilling and hydraulic fracturing techniques and has produced over 1,000 wells.
- Eagle Ford Non-Operated Asset Non-operating working interest in the Eagle Ford Shale formation in South Texas, one of the most heavily drilled formations in the United States. The company holds interest in almost 2,000 producing wells with additional potential in the Austin Chalk and other horizons.
- South Texas Operated Asset (Hawkville Field) Operated unconventional natural gas asset in the Hawkville field, Webb County, South Texas. MEPUSA owns approximately 92% working interest and is developing the asset targeting stable gas production of over 200 million cubic feet per day with access to Gulf Coast markets and LNG export terminals.
- East Texas Operated Asset Operated unconventional gas asset acquired in 2024 from Sabana, LLC and Vanna, LLC comprising 46,500 acres in East Texas. The asset tests and develops multiple horizons with strategic access to the Gulf Coast industrial region.
- Corpus Christi Offshore CCS Project Carbon capture and storage project offshore Corpus Christi, Texas. Mitsui subsidiary MEP Low Carbon Solutions established the Aves joint venture with Repsol and Carbonvert. The project covers more than 140,000 acres with expected storage capacity of more than 600 million tons of CO2.
Companies that use Mitsui E&P USA
Customer profileSegments3 records
Ideal customer profiles1 record
Mitsui E&P USA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Mitsui E&P USA partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- RepsolcoreAves joint venture established in 2024 with Repsol and Carbonvert subsidiaries to develop offshore carbon storage project in Corpus Christi, covering more than 140,000 acres with expected storage capacity of more than 600 million tons of CO2
- CarbonvertcoreAves joint venture established in 2024 with Repsol and Carbonvert subsidiaries to develop offshore carbon storage project in Corpus Christi, covering more than 140,000 acres with expected storage capacity of more than 600 million tons of CO2
- Sabana, LLCcoreAcquired 46,500 acres in East Texas unconventional gas asset in 2024
- Vanna, LLCcoreAcquired 46,500 acres in East Texas unconventional gas asset in 2024
- Silver Hill Energy PartnerscoreAcquired approximately 92% working interest in Hawkville field (approximately 8,500 gross acres) in South Texas Webb County in 2023, marking MEPUSA's first operated asset acquisition
- ShellminorKaikias project was a subsea tie-back to Shell's operated Ursa platform, south of Venice, Louisiana. Acquired 20% interest in 2016 with first oil production in 2018. Divested minority working interest to Shell in 2023 but retains exploration rights in offshore blocks in Argentina
- AnadarkocoreStrategic partnership formed in 2010 for Marcellus Shale Gas Project, marking Mitsui's entry into US onshore energy business during the shale boom
- ChesapeakecoreStrategic partnership formed in 2010 for shale ventures, working with Chesapeake to establish Mitsui's E&P presence in North America
- Mitsui & Co. Energy Marketing and Services (USA), Inc.corePartnership for marketing oil and gas products to downstream customers including industrial consumers, LNG export terminals, and ammonia plants
Scale indicators7 records
Recent moves11 records
Expansion highlights5 records
Mitsui E&P USA competitors and assessment
Company assessmentDirect peers
- EOG Resources, Inc. One of the largest US independent operators focused on premium unconventional oil and gas plays including the Eagle Ford. Comparable as a multi-basin shale operator pursuing premium Gulf Coast markets.
- Expand Energy Corporation: Formed from the merger of Chesapeake Energy and Southwestern Energy, Expand Energy is the largest US natural gas producer and a dominant Marcellus operator — directly comparable to MEPUSA's largest non-operated working interest and Gulf Coast supply thesis.
- Devon Energy Corporation: Major US independent operator with Eagle Ford, Permian, and Williston Basin exposure plus a low-carbon ventures segment. Comparable multi-basin shale operator pursuing both production and CCS-related initiatives.
- Occidental Petroleum Corporation: Acquired Anadarko Petroleum (MEPUSA's original Marcellus and Eagle Ford partner) in 2019. Comparable as the operator of significant Eagle Ford acreage that MEPUSA holds working interest in.
- Range Resources Corporation: Pure-play Marcellus Shale natural gas producer with significant Pennsylvania acreage. Directly comparable to MEPUSA's 1,000+ well Marcellus non-operated position and Gulf Coast takeaway exposure.
- Silver Hill Energy Partners: Private Eagle Ford operator that sold approximately 92% working interest in the Hawkville field to MEPUSA in 2023. Highly comparable as a focused South Texas unconventional natural gas private operator.
- Coterra Energy Inc. Formed from the merger of Cabot Oil & Gas and Cimarex, Coterra is a major Marcellus and Permian operator. Comparable as a gas-weighted multi-basin producer with Northeast Appalachia scale similar to MEPUSA's Marcellus position.
Emerging players
- BKV Corporation: Public natural gas E&P with a dedicated carbon capture and sequestration business, producing from the Marcellus. Highly comparable dual-strategy gas-plus-CCS business model mirroring MEPUSA's Aves JV thesis.
- Talos Energy Inc. US Gulf of Mexico-focused exploration and production company with an active offshore CCS project (Bayou Bend). Comparable as an operator pursuing both upstream production and offshore carbon storage alongside MEPUSA's Aves JV.
Broad incumbents
- Shell USA (Shell plc): MEPUSA's former partner on the Kaikias subsea tie-back (divested in 2023) and a major US Gulf of Mexico and shale operator with significant CCS initiatives. Comparable as a global integrated major with overlapping US upstream and CCS exposure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mitsui E&P USA social profiles
Digital presenceMitsui E&P USA financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mitsui E&P USA leadership team
Management profileNumber of profiles
Profiles18 records
Mitsui E&P USA subsidiaries and ownership
Company hierarchySubsidiaries1 record
Mitsui E&P USA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mitsui E&P USA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mitsui E&P USA
What does Mitsui E&P USA do?
Mitsui E&P USA LLC is an oil and gas exploration and production company that acquires, develops, and produces hydrocarbon resources from US shale formations. The company holds non-operating working interests in the Marcellus Shale (Pennsylvania) and Eagle Ford Shale (South Texas), and operates unconventional natural gas assets in South Texas (Hawkville field, Webb County) and East Texas. It also pursues carbon capture and storage (CCS) through the Aves joint venture with Repsol and Carbonvert, covering over 140,000 acres offshore Corpus Christi with an expected storage capacity of more than 600 million tons of CO2.
Is Mitsui E&P USA a public or private company?
Mitsui E&P USA is a private company. It is classified as corporate owned and is currently operating.
When was Mitsui E&P USA founded?
Mitsui E&P USA was founded in 2010. It employs 11 to 50 people.
Where is Mitsui E&P USA based?
Mitsui E&P USA is headquartered in Houston, United States, in the North America region.
How does Mitsui E&P USA make money?
Two revenue lines are on record. Oil and Gas Production Revenue is the primary driver. The others are natural Gas Marketing.
Who are Mitsui E&P USA's main competitors?
Direct peers on record are EOG Resources, Inc., Expand Energy Corporation, Devon Energy Corporation, Occidental Petroleum Corporation, Range Resources Corporation, Silver Hill Energy Partners and Coterra Energy Inc.. Emerging players are BKV Corporation and Talos Energy Inc.. Shell USA (Shell plc) is listed as a broad incumbent.
Does Mitsui E&P USA have an API?
No public API is recorded for Mitsui E&P USA.
What industry is Mitsui E&P USA in?
Mitsui E&P USA's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUALAAAH, Unconventional Resources Development (Shale/Tight, CBM), with a secondary code of EUAAAAAC, Unconventional Gas E&P (Shale/Tight Gas). Its NAICS code is 21113 and its SIC code is 1311.