BG boosts U.S. shale-gas assets via $950M deal with Exco

05/10/2010 | Bloomberg

BG Group struck a $950 million deal to acquire more of Exco Resources' properties in the Appalachian Basin. BG will get a 50% stake in Exco's assets and access to 654,000 acres. The agreement will also boost BG's estimated net gas resources by 2.4 trillion standard cubic feet.

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