|
|
Jan 04, 2012
|
|
Another major U.S. shale stake sold to foreign energy company
|
Bloomberg Businessweek reports that China-based Sinopec International Petroleum Exploration & Production Corp. has purchased a third of Devon Energy Corp.'s interest in five new shale gas ventures for $2.2 billion. Announced just days after French-based Total SA acquired a 25 percent stake in Chesapeake Energy's Utica shale holdings (see Jan. 03, 2012 blog – "Total SA is Chesapeake's new partner for financing shale development in Ohio"), the two sales signify a growing interest in U.S. natural gas from foreign companies. For more read the full story here.
|
|
Posted by
M. Warnock
in
United States
|
|
|
|
Subscribe 
|
|
Subscribe to receive our RSS feed or email updates.
|
The information contained in this site is for general information only and not for
legal counsel or advice. legal counsel or advice.
[Read More]
|
|