Reuters: Blackstone Joins Shale Frenzy with $1B Fund
Blackstone Group is investing in the lucrative area of shale, following rivals such as Kohlberg Kravis Roberts & Co. North American shale fields are drawing billions of dollars from companies that are eager to learn the techniques to tap into the difficult geological formations. Blackstone said on Tuesday it teamed up with shale gas developer Alta Resources to form Alta Energy Partners and they are committing to invest up to $1 billion....
12 April 2011•2 mins read
