BG Pays $1.3 Billion For U.S. Shale Gas JV With EXCO

摘要

London (Reuters) - BG Group said it would pay Dallas-based EXCO Resources Inc. $1.3 billion for an interest in shale gas resources, as oil and gas firms continue to snap up assets before an economic recovery drives prices higher.The companies said in separate statements on Tuesday that each would own 50% of a venture to which EXCO is contributing 120,000 acres of land in the Haynesville shale gas area in Texas and Louisiana, and associated gas infrastructure.