Mitsubishi enters Canadian shale gas with Penn West venture

摘要

Washington-Calgary-based Penn West Energy Trust said August 24 it has agreed to form a 50-50 joint venture with Japan’s Mitsubishi to develop its natural gas shale assets in the Cordova Embayment area as well as certain conventional gas assets in the Wildboy area of northeastern British Columbia in a deal valued at C$850 million ($801 million).