Earlier in 2010, RIL had bought a 40 per cent stake in Atlas Energy Inc’s Marcellus Shale acreage for $1.7 billion. Then in June 2010, it had agreed to buy a 45 per cent stake in Pioneer Natural Resources Co’s Eagle Ford shale natural gas asset in Texas for about $1.36 billion.

Reliance would have a net share of 62,600 acres of Carrizo’s shale acreage, smaller than the 137,000 acres in the Atlas venture and 118,000 acres in Pioneer’s assets. The resource potential in the Carrizo areas is a gross 3.4 trillion cubic feet of gas compared with 10 trillion cubic feet in the Pioneer areas. Reliance said its “subsidiary, Reliance Marcellus II, Llc, has signed definitive transaction agreements to enter into a Marcellus Shale joint venture with US-based Carrizo.”

Under the proposed transaction, Reliance will acquire a 60 per cent interest in Marcellus Shale acreage in Central and Northeast Pennsylvania that is currently held in a 50:50 joint venture between Carrizo and ACP II Marcellus LLC, an affiliate of Avista Capital Partners.

“Pursuant to the transaction, Reliance will acquire 100 per cent of Avista’s interest and 20 per cent of Carrizo’s interests in the joint venture,” it said. “Upon completion of the transaction, Reliance and Carrizo will own 60 per cent and 40 per cent interests respectively.”

The Marcellus Shale is a giant rock formation underlying Pennsylvania, New York and other states. Shale has long been known to contain natural gas, but this was not worth extracting with conventional technology. But now, shale gas is turning has become one of the most active M&A areas in the energy industry with several multi-billion dollar deals in the last 12 months. Industry Analysts feel this trend is being driven by the technical advances that enable more efficient shale natural gas extraction.

Also, its worth noting here that Natural Gas is today at the lower end of its multi-year commodity cycle, and it won’t remain there forever (that’s the beauty of commodity cycles). Companies buying shale gas resources today are making solid investments that can give 100% ROI in 3-5 years. Overall, we can be confident that there will be sufficient natural gas supply once its prices move up, to make it attractive for the natural gas exploration companies.

Unlike most business directories out there, we have made the effort to personally interact with and verify each of the following entities, and hence we know that there are reliable and capable people behind them, and we are happy to reference them.

Energy

• Solar Energy Review (Industry Journal)
• Suzlon Energy Ltd
• Solar Integrated Technologies

Financial Services

• Hedge Fund Directory
• MyForexBusiness.com

Healthcare

• Healthcare Journal
  

Retail

• 7to9 Retail

Software Services & Information Technology

• Rho-Solutions

——————————————————-
1. ABOUT
——————————————————-

Introduce your company briefly – your background, location, key objectives and strengths, etc. (50-100 words)

——————————————————-
2. PRODUCTS & SERVICES
——————————————————-

What exactly do you offer as products and services, and what are the benefits? The more specific you are, the higher the chance of a company/person coming to you for more information. Diagrams and videos can fit well here. MyOrbit can suggest the points for you (50 – 250 words)

——————————————————-
3. KEY PEOPLE
——————————————————-

Very Important. Who are the people behind this company, and what is their background/experience? Where are they located? Photos and videos can fit well here. MyOrbit can suggest key points here (50 – 250 words)

——————————————————-
4. TESTIMONIALS
——————————————————-

Often the most overlooked part in a company’s message. Do you have customers who like what you do? This is the perfect place to share a few client quotes/testimonials. You can remove the client specifics if you want. The aim is to see if there are customers who are willing to speak for you. (50 – 250 words)

——————————————————-
5. CONTACT INFO
——————————————————-

In addition to your website, it will help you to give the following: Name, phone (complete with international dialing code), email, and/or a contact form link. MyOrbit can help you in this. We can also put a contact form for you here, so that when someone likes what you are offering, they can contact you from here.