Atlas Energy and Reliance Industries have added just over 42,000 acres to their joint venture holdings in the Marcellus Shale of the US Northeast.

摘要

Atlas purchased the southwest Pennsylvania acreage in a series of transactions for an average price of $4,532 per acre. Privately owned Indian giant Reliance exercised its right to acquire a 40% interest in the acquired land under the terms of a $1.7 billion joint venture agreement with Atlas, which was finalized Wednesday.