Boy, just as soon as I finish remarking on the recent uptick in decent-sized oil & gas deals, an even bigger announcement hits the wires.
Yesterday, EXCO Resources
As I noted yesterday, the Cotton Valley play is nothing to get excited about at today's (or arguably tomorrow's) gas prices. Elsewhere, I've pointed out that other Cotton Valley players like GMX Resources
BG may not be too well known to U.S. investors, but it's a serious player in international exploration and production. The firm has a foothold in Brazil's deepwater that is no doubt the envy of many a supermajor. BG is also big into coalbed methane and LNG, thanks to its recent multibillion-dollar takeover of Australia's Queensland Gas.
Shale gas is a natural foray for BG, and the firm follows in the footsteps of other European heavyweights like BP
Speaking of Chesapeake, it shouldn't be long before the firm unveils yet another in its long line of joint ventures. Given the European flavor of clientele to date, I wouldn't be surprised to see someone like Total SA