Aurora Oil Seeks More Shale Deals as U.S. Gas Prices Decline
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Aurora Oil & Gas Ltd., an Australian company developing shale holdings in Texas, said the lowest U.S. natural-gas prices in a decade have created opportunities for further deals in the Eagle Ford region.
“With the poor natural gas price in North America there are a lot of capital-constrained companies over there,” Jon Stewart, chief executive officer of the Perth-based company, said in a telephone interview today. “The volume of opportunities coming across our desk has really escalated.”