Recent Marcellus Shale Joint Venture Deals

Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:

Reliance Industries Gets Major Investment from BP, What Does it Mean for Marcellus Shale?

India’s largest private sector company, Reliance Industries Limited (RIL), has appeared prominently in the news for the past couple of days. And there’s a tie-in with the Marcellus Shale. Here’s the highlights:

India’s RIL Loses Bidding War for Atlas Energy – $4.3 Billion Deal with Chevron Goes Forward

India’s largest private sector company, and one of the world’s largest energy companies, Reliance Industries Limited (RIL), lost its bidding war with Chevron to buy Atlas Energy.

Reliance Industries of India in Bidding War with Chevron to Buy Atlas Energy

India’s largest private sector company, and one of the world’s largest energy companies, Reliance Industries Limited (RIL), is in a bidding war with Chevron to buy Atlas Energy. A primary motivator for both companies is the large number of net acres Atlas controls in the Marcellus Shale region. Just last year RIL and Atlas formed [...]

Atlas Energy Figures Out a Way to Increase Marcellus Shale Gas Production an Average 138% Per Well

Atlas Energy’s Marcellus Shale gas output is up 21% in the second quarter from the first quarter of 2010. At the end of June, their net production rate in the Marcellus region was 59 Mmcfe (million cubic feet of natural gas equivalents) per day. The company brought eight new horizontal Marcellus Shale wells online in [...]

Atlas Energy/Reliance Industries Pay $192 Million for Leases on 42K Acres in PA Marcellus Shale

Joint Venture Between Reliance Industries and Atlas Energy Worth $3.5 Billion Over 10 Years

Indian energy giant Reliance Industries Limited (RIL) has entered a joint venture with Atlas Energy (based in Pittsburgh). MDN previously reported on the rumors of an impending deal between the two companies. Reliance, India’s largest energy company and one of the largest energy companies in the world, will get 40 percent (120,000 acres) of Atlas [...]

Atlas Energy Talking to Reliance Industries About Marcellus Shale Partnership – Billion Dollar Deal in the Making?