“Blackstone, the giant private equity firm, said on Thursday that it would buy a 50 percent stake in a large section of the Haynesville Shale, an underground rock formation located in Louisiana and eastern Texas. The stake, owned by Royal Dutch Shell, comprises more than 107,000 net acres in Louisiana, Blackstone said.  The deal is the latest example of private equity firms betting on natural gas, amid a surge in production. In recent months, Apollo Global Management agreed to pay about $1.8 billion for 360,000 acres and other assets in Alberta, and TPG paid $1.8 billion for124,000 acres of developed and undeveloped fields in Wyoming.”

http://dealbook.nytimes.com/2014/08/14/blackstone-to-buy-louisiana-shale-assets-for-1-2-billion/

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