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Bloomberg reported that Blackstone Group (NYSE:BX) and Alta Resources will form a joint venture that will invest in natural gas fields.
Bloomberg reported that Blackstone Group (NYSE:BX) and Alta Resources will form a joint venture that will invest in natural gas fields.
The market news is quoted as saying:
The new company will focus on acquiring leases and drilling wells in so-called unconventional fields, or geologic formations previously regarded as too hard to penetrate.
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