The motives behind joint ventures among energy companies

An in-depth article featured on The Motley Fool explores the myriad reasons that energy companies form joint ventures. Devon Energy, for instance, utilizes partnerships specifically to improve capital efficiency and mitigate exploration risk, among other things; Chesapeake Energy recently entered into a foreign joint venture purely for monetary reasons; and Energy Transfer and Enbridge formed a pipeline partnership for the sake of "access and diversification," the article said. For more, read the full story.