By August 11, 2014 0 Comments Read More →

WSJ: Blackstone Nears Deal For Shell’s 50% Haynesville Shale Stake

The Wall Street Journal reports:

Private-equity firms, which for years have counted energy as one of their most lucrative investing sectors, have been snapping up oil-and-gas reserves in recent months. Above, a natural gas well in Stonewall, La. The Shreveport Times/Associated Press

Blackstone Group BX +1.07% LP is nearing a deal to acquire Royal Dutch Shell RDSA.LN +0.36% PLC’s half-stake in a huge Louisiana gas field, according to people familiar with the matter, as private-equity firms continue to gobble up oil companies’ shale castoffs.

The deal could value……..

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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