IHS Chemical Week

People & Business :: Energy and Feedstocks

Reliance to Form Marcellus Shale JV?

10:37 AM MDT | March 16, 2010 | Lindsey Bewley

Reliance Industries may be looking to form a joint venture with Atlas Energy (Moon Township, PA) to develop the company’s Marcellus Shale gas operations, according to media reports.   The move comes in the wake of Reliance’s failed attempts to purchase a controlling stake in LyondellBasell. Reliance recently raised about $2 billion through several share sales, creating a war chest that could be used to finance the jv with Atlas, sources say.   Reliance has been targeting overseas oil and gas assets to feed the company’s recently...

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