IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Petronas Enters North American Shale Gas Market in $1.09-Billion Deal

12:58 PM MDT | June 9, 2011 | Lindsey Bewley

Petronas says it will partner with Progress Energy Resources (Calgary, AB) to develop shale-gas assets in the Montney shale plays of northeastern British Columbia. Petronas will acquire 50% of Progress’s interest in the three areas for C$1.07 billion ($1.09 billion). The assets will be operated by Progress and include about 150,000 gross working-interest acres of land with an estimated contingent gas resource of more than 15 trillion cu feet. The deal is expected to close in the third quarter of 2011.   The two companies have also agreed to collaborate...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa