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Sasol Enters North American Shale Market in $1.03-billion Deal

11:22 AM MST | December 20, 2010 | Lindsey Bewley

Sasol says it has entered the North American shale gas market by acquiring a 50% interest in Talisman Energy’s (Calgary, AB) Farrell Creek assets at the Montney shale play in British Columbia for C1.05 billion ($1.03 billion).   The companies will establish a 50-50 general partnership in Canada that will own the Farrell Creek assets, while each company will also hold an undivided 50% participation interest in the associated gas-to-liquids (GTL) gathering systems and processing facility. “The acquisition will accelerate our upstream growth while...

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