Resilient Media Entertainment

Wednesday, February 29, 2012

Why #PrivateEquity is Scooping up #NaturalGasAssets

By Stephen Grocer from #WSJ’s #PrivateEquity
Having used stock-market money to drill itself into a hole, the natural-gas industry is providing fertile prospects for private equity, writes Heard on the Street’s Liam Denning.


Apollo Global Management and Blackstone Group have each announced big gas-related deals the past few days. Apollo and its partners are paying $7.15 billion for El Paso’s oil and gas reserves. Blackstone is pumping $2 billion into Cheniere Energy Partners to help finance a plant to export gas.

Denning joins the Markets Hub to discuss:

CONTINUE READING AS YOU JOIN THE WORLD OF @WSJ


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