Thai coal company buys stake in Marcellus shale play

Banpu Pcl, Thailand's largest coal company, has closed on the purchase of a 29.4% stake from Range Resources-Appalachia LLC in the Chaffee Corners Joint Exploration Agreement in Pennsylvania’s Marcellus shale play, reports the Akron Beacon Journal. The deal represents the first time a Thailand-based company has taken an interest in the U.S. shale gas industry, according to a news release from Kalnin Ventures LLC, which handled the $112 million transaction for Banpu.