BG Group, Exco form Haynesville joint venture (Dealscape

A day after selling oil and gas properties, Exco Resources Inc. agreed Tuesday to unload half its Haynesville shale gas area to BG Group plc for $1.3 billion.

The companies said in separate statements that London-based BG would receive a 50% stake in the shale gas development, which encompasses about 120,000 acres in East Texas and Northern Louisiana.

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NOT A SUBSCRIBER? BG Group, Exco form Haynesville joint venture Posted on June 30, 2009 12:22 PM A day after selling oil and gas properties, Exco Resources Inc. agreed Tuesday to unload half its Haynesville shale gas area to BG Group plc for $1.3 billion. The companies said in separate statements that London-based BG would receive a 50% stake in the shale gas development, which encompasses about 120,000 acres in East Texas and Northern Louisiana. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 802 in-depth reports of M&A deals in the Energy sector 74 articles related to Encore Acquisition Co. 19 in-depth transaction records for BG Group 14 in-depth transaction records for Exco Resources 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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