7 hours ago
Texas Oil Dynasty Targets Payout With $8 Billion Mitsubishi Deal
By and Pui Gwen Yeung
Save
Albert and Gordon Huddleston are on the cusp of cementing their place in a gilded lineage of Texas oil tycoons who amassed fortunes drilling across the world.
The father and son — part of the H.L. Hunt family — are in advanced talks to sell the assets of Aethon Energy Management to Mitsubishi Corp. for nearly $8 billion, people familiar with the matter say.
