Industries

India’s Reliance Industries Ltd. agreed to pony up close to $392 million in cash to buy into its third joint venture (JV) in a U.S. shale play this year, this time with Carrizo Oil & Gas Inc.

Quicksilver Resources Inc.’s share price jumped Monday on reports that India’s Reliance Industries Ltd. is contemplating a joint venture or even a takeover.

Seal Beach, CA-based Clean Energy Fuels Corp. and privately held IMW Industries Ltd. announced Wednesday they have signed a definitive agreement for Clean Energy to acquire IMW for $125 million, plus a cash earn-out arrangement. IMW makes fueling compressors and related equipment used in stations developed by Clean Energy and its clients.

International suitors for North America’s onshore natural gas reserves continue to knock at the door, with India’s Reliance Industries Ltd. last week doubling its stakes in U.S. shales, Abu Dhabi National Energy Co. increasing its stake in Western Canadian gas properties and China National Petroleum Corp. (CNPC) tentatively agreeing to partner with Encana Corp. in British Columbia.

Nabors Industries Ltd. CEO Gene Isenberg said his company’s 1Q2010 results were boosted by larger-than-expected increases in the U.S. Lower 48, as well as its Alaskan and Canadian business segments.

Atlas Energy Inc. and India’s Reliance Industries Ltd. said Wednesday they will buy another 42,344 acres in the Pennsylvania portion of the Marcellus Shale for an average purchase price of $4,532/acre, or around $191.9 million.

Nabors Industries Ltd. CEO Gene Isenberg said his company’s 1Q2010 results were boosted by larger-than-expected increases in the U.S. Lower 48, as well as its Alaskan and Canadian business segments.

Atlas Energy Inc. and India’s Reliance Industries Ltd. said Wednesday they will buy another 42,344 acres in the Pennsylvania portion of the Marcellus Shale for an average purchase price of $4,532/acre, or around $191.9 million.

Atlas Energy Inc. said Friday it has taken on India’s largest company by market value, Reliance Industries Ltd., as a drilling partner in the Marcellus Shale in a transaction worth an estimated $1.7 billion.