By August 11, 2014 0 Comments Read More →

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

image_print

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.

Post a Comment

Time limit is exhausted. Please reload the CAPTCHA.