By August 11, 2014 0 Comments Read More →

Advocate: Shell may sell stake in Haynesville Shale

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The Advocate reports:

Blackstone Group LP is close to inking a billion-dollar deal for Royal Dutch Shell PLC’s half of 350,000 acres leased in north Louisiana’s Haynesville Shale, according to the Wall Street Journal.

Shell is part of a joint venture in the natural gas formation. the deal would be the latest in which a private equity firm bought oil-and-gas reserves. Earlier this year,………

Read more here

Posted in: LOGA News, Shale News

About the Author:

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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