{"id":462218,"date":"2022-01-17T10:50:43","date_gmt":"2022-01-17T05:20:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462218"},"modified":"2022-01-17T12:04:15","modified_gmt":"2022-01-17T06:34:15","slug":"oil-india-exits-us-shale-venture-sells-20-stake-for-25-mn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-exits-us-shale-venture-sells-20-stake-for-25-mn\/","title":{"rendered":"Oil India exits US shale venture, sells 20% stake for $25 mn"},"content":{"rendered":"<p>State-owned  Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for $25 million &#8212; the second exit of an Indian firm from the US shale business in two months. <\/p>\n<p>&#8220;Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire stake in Niobrara shale asset, USA,&#8221; a regulatory filing by the company said, adding the consideration received was $25 million.<\/p>\n<p>OIL and Indian Oil Corporation (IOC) had together in October 2012 bought a 30 per cent stake in Houston-based Carrizo Oil &amp; Gas&#8217;s Niobrara shale asset in Colorado for $82.5 million. <\/p>\n<p>While OIL had acquired 20 per cent, IOC bought 10 per cent in Carrizo&#8217;s Niobrara basin acreage assets through their respective subsidiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for $25 million &#8212; the second exit of an Indian firm from the US shale business in two months. &#8220;Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire stake in Niobrara shale asset, USA,&#8221; a regulatory filing by the company said, adding the consideration received was $25 million. OIL and Indian Oil Corporation (IOC) had together in October 2012 bought a 30 per cent stake in Houston-based Carrizo Oil &amp; Gas&#8217;s Niobrara shale asset in Colorado [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-462218","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=462218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}