Monday, July 19, 2010

Reliance Looking at Quicksilver?

The Daily News & Analysis reported that India's largest company Reliance Industries is looking at Ft. Worth-based Quicksilver Resources as a possible deal target.  A potential transaction might be a joint venture or a takeover.  It seems the company's Horn River shale assets are particularly attractive, and Quicksilver likely lacks the financial resources to exploit its Horn River acreage on its own. 

A transaction with Quicksilver would be Reliance's third North American shale gas deal in as many months.

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