Energy

Blackstone, Alta to Form $1 Billion Natural-Gas Venture

Energy Investing

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.

To read the full market news, click here.

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