Independent producers are seeking to tap shale-oil formations

03/17/2010 | Reuters

Anadarko Petroleum and Chesapeake Energy are among the independent oil and gas companies exploring the U.S. for shale formations rich in oil and natural gas liquids, a change from the shale-gas areas that have been the targets of some recent transactions. "Independents are more bullish on the prospects of [crude-oil prices] versus gas," an investment banker said.

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