skate
05-28-2010, 11:50 AM
"Royal Dutch Shell PLC said Friday it has agreed to buy East Resources Inc., a closely held U.S. natural-gas explorer, for $4.7 billion, in a transaction that underscores the frenzied global interest in North American shale-gas production.
Warrendale, Pa.-based East Resources is one of the biggest players in a natural-gas exploration area known as the Marcellus Shale, with control of 1.25 million acres across a territory that stretches from West Virginia to New York.
The sale will provide lavish returns for private-equity firm Kohlberg Kravis Roberts & Co., which invested $350 million in East Resources for a substantial stake ..." WSJ
Not to mention the Green Basin, worth its weight in gold.
Like, some $65 Trillion, left to our Poor Poor Children, not counting Marcellus.:kiss:
hey, it's right there, all in my book babe.
Warrendale, Pa.-based East Resources is one of the biggest players in a natural-gas exploration area known as the Marcellus Shale, with control of 1.25 million acres across a territory that stretches from West Virginia to New York.
The sale will provide lavish returns for private-equity firm Kohlberg Kravis Roberts & Co., which invested $350 million in East Resources for a substantial stake ..." WSJ
Not to mention the Green Basin, worth its weight in gold.
Like, some $65 Trillion, left to our Poor Poor Children, not counting Marcellus.:kiss:
hey, it's right there, all in my book babe.