Text Size:
A | A

Reliance, Chesapeake Talk JV In Eagle Ford

Text Size: A | A
Lauren Best
September 20, 2010

Reliance Industries could be adding another valuable project to its North American shale portfolio within the next month, according to a report by Platts.

Reliance, India's largest private oil and gas company, is currently in talks with Oklahoma City-based Chesapeake Energy (NYSE: CHK) regarding a possible joint venture project in the Eagle Ford. To date, Chesapeake holds approximately 550,000 acres in the popular South Texas shale play.

"The deal talk is around $14,000/acre," says Subash Chandra, a Jefferies & Co. analyst. "The devil is in the details, but the headline ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription