Reliance makes third US shale gas field purchase in four months for $392 million
Latest US shale gas investment from Indian energy firm Reliance as the company seeks to bolster foreign investment
Indian energy firm Reliance has made its third investment in US shale gas production this year with a $392 million stake in a Marcellus, Pennsylvania, shale acreage joint venture with US-based Carrizo.
The firm will own 60% of the 104,400 acreage in Pennsylvania, buying out all of US-based private equity firm Avista Capital Partners' interest and 20% of Carrizo's interests.
This latest deal is considerably smaller than the two previous deals announced earlier in the year. Nonetheless, the speed
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