Atlas
Reliance, Atlas to buy Marcellus acreage
Independent oil and gas company Atlas Energy Inc said it would buy 42,344 acres in the gas-rich Marcellus shale along with Indian energy giant Reliance Industries, weeks after the two announced a joint venture.
The companies will buy the acreage in Fayette, Washington, Indiana, Westmoreland, Armstrong and Clarion Counties of Pennsylvania at an average price of [...]
Reliance to Pay Atlas $1.7 Billion For Marcellus Stake
Indian energy giant Reliance Industries will pay $1.7 billion to form a joint venture at one of the most promising natural gas deposit regions in the U.S. with Atlas Energy, becoming the latest foreign company to invest in shale plays that are expected to be very lucrative.
Reliance, controlled by billionaire Mukesh Ambani, has been working [...]
Reliance eyes gas venture in US
Reliance Industries Ltd., the owner of the world’s largest fuel-making complex, is in talks with Atlas Energy Inc. to invest in the U.S. natural-gas producer’s shale assets. Reliance is seeking a joint venture with Atlas Energy to develop the U.S. firm’s Marcellus Shale gas operations.
Independent oil and gas company Atlas is looking for a partner [...]
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