Wood Mackenzie expects more major U.S. shale-gas acquisitions

10/3/2010 | Bloomberg

Continued acquisition of U.S. shale natural gas resources by large oil companies will allow them to control that market in years to come, according to consultant Wood Mackenzie. "Shale gas offers a good fit for the large caps and majors, playing to their technical capability, financial strength and long-term view, all of which are prerequisites for those looking to build a material position," said Luke Parker, head of merger-and-acquisition research at Wood Mackenzie.

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