Reliance Further Builds Its Shale Position With Third US Acquisition

India's Reliance Industries has struck its third US shale acquisition deal since April 2010 as the company continues to build its position in the booming North American unconventional gas market. On August 5 the company announced that it will pay US$392mn to US based Carrizo Oil & Gas to acquire a 60% interest in the company's Marcellus Shale acreage in central and north-east Pennsylvania.

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