Internationals and Majors flocked towards US shale gas opportunities

International companies followed up 2009 activities by continuing to enter into US shale gas JVs and providing US operators much needed capital to develop their assets.  The US is attractive to internationals because of its fiscal regime, large shale gas reserve potential and technological opportunities. The international firm’s large balance sheets, low costs of capital and long term view allow them to “pay up for US opportunities”. The same could be said for traditional majors who also made aggressive moves into US shales in 2010 through corporate acquisitions like  East Resources (Shell) and Atlas (Chevron). To fund new shale opportunities the majors also sold non-core assets. 

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