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Australia's Cooper Basin 'Lures Investments' For Shale Deals

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May 30, 2014

Australia’s Cooper Basin, an outback shale region that has lured investments from Chevron Corp. (NYSE: CVX) and BG Group Plc (OTC: BRGYY), is set for a flurry of mergers and acquisitions, according to oil and gas explorer New Standard Energy Ltd.

“There’s another wave of rationalization to happen over the next six to 12 months,” Phil Thick, managing director of the Perth-based energy company, said May 28 in a phone interview with Bloomberg. “Everybody is talking in the Cooper Basin.”

Shale explorers in the Cooper Basin are seeking to benefit ...

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