Deals
Reliance Said to Consider Stake in Chesapeake Shale
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Reliance Industries Ltd., India’s biggest company by market value, is considering investing in a Chesapeake Energy Corp. shale-gas asset, three people with direct knowledge of the matter said.
The Indian energy explorer controlled by Mukesh Ambani has been reviewing the assets for some months, two of the people said, declining to be named before an announcement. Chesapeake, which has about 600,000 acres in Eagle Ford shale in south Texas, is negotiating joint ventures with “a couple of different parties,” finance chief Marcus C. Rowland said on Sept. 15.