Nexen Seeks Partner For Shale-Gas Assets

Nexen is seeking a joint-venture partner to help fund development of new shale-gas reserves in western Canada.

Nexen is seeking a joint-venture partner to help fund development of new shale-gas reserves in western Canada, The Wall Street Journal reports. The Canadian energy company has appointed Bank of America as an adviser to solicit interests in developing shale-gas land northeastern British Columbia.

The Calgary-based company expects to find a partner and close a deal during the second half of this year. Nexen has not decided whether it will seek foreign investments in its shale-gas properties.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.