The BG Group reports it has signed another joint venture with Exco Resources, boosting its footprint in the Appalachian Basin.

摘要

BG added that under the terms of the deal, it will pay $950 million for a 50% stake in companies that hold Exco's producing and non-producing assets in the Appalachian basin. Under this deal, BG will take 50% in a total of 654,000 net acres, boosting its estimated gas resources by 2.4 trillion cubic feet.