Sumitomo is mulling over further expansion into U.S. shale gas

02/2/2010 | Oil & Gas Journal

Japan's Sumitomo said it is seeking to acquire Carrizo Oil & Gas' shares in the Marcellus Shale, less than two months after it struck a deal to buy a stake in the U.S. company's Barnett Shale acreage. "We are going to expand our U.S. shale-gas business through the tie," a Sumitomo official said.

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