Shreveport, LA – Private equity firm The Blackstone Group announced via press release that it would be purchasing a 50-percent stake in about 107,000 acres of the Haynesville Shale that is currently owned by Royal Dutch Shale.
Blackstone has a history of investing in natural gas. In the last two years it has invested heavily in offshore energy assets in the Gulf of Mexico. In 2012, it invested $2 Billion in Cheniere Energy Partners, a company developing a method to transport liquified natural gas to overseas destinations.
Lately, with an increase in production, many private equity firms have been banking on natural gas. The Blackstone Group acquisition similar to recent deals related to private equity firms and natural gas plays in Wyoming and Canada.
