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Apache in Buru deal

Energy company Apache is increasing its presence in WA's Canning Basin, announcing a multimillion-dollar deal with Buru Energy to explore one of the world's largest shale gas resources. Under the deal Buru will operate permits in the Goldwyer shale areas of the Canning Basin in WA, with Apache earning a 40 to 50 per cent interest in the permits.
By · 6 Nov 2013
By ·
6 Nov 2013
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Energy company Apache is increasing its presence in WA's Canning Basin, announcing a multimillion-dollar deal with Buru Energy to explore one of the world's largest shale gas resources. Under the deal Buru will operate permits in the Goldwyer shale areas of the Canning Basin in WA, with Apache earning a 40 to 50 per cent interest in the permits.
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Frequently Asked Questions about this Article…

Apache has announced a multimillion-dollar deal with Buru Energy to explore shale gas resources in the Canning Basin, Western Australia. This deal allows Apache to earn a 40 to 50 percent interest in the permits operated by Buru in the Goldwyer shale areas.

The recent deal involves Apache increasing its presence in Western Australia's Canning Basin by partnering with Buru Energy to explore one of the world's largest shale gas resources. Apache will earn a 40 to 50 percent interest in the permits operated by Buru in the Goldwyer shale areas.

Apache is increasing its presence in the Canning Basin because it is home to one of the world's largest shale gas resources, offering significant potential for energy exploration and development.

Apache is interested in the Canning Basin because it is home to one of the world's largest shale gas resources, offering significant potential for energy exploration and development.

Buru Energy will operate the permits in the Goldwyer shale areas of the Canning Basin, while Apache will earn a substantial interest in these permits as part of their collaboration.

Buru Energy will operate the permits in the Goldwyer shale areas of the Canning Basin, while Apache will earn a substantial interest in these permits as part of their partnership.

Apache will earn a 40 to 50 percent interest in the permits operated by Buru Energy in the Canning Basin as part of their exploration deal.

Apache will earn a 40 to 50 percent interest in the permits operated by Buru Energy in the Canning Basin as part of their exploration deal.

The Canning Basin is significant because it contains one of the world's largest shale gas resources, making it an attractive location for energy companies like Apache and Buru Energy to explore and develop.

The Canning Basin is significant for energy companies because it contains one of the world's largest shale gas resources, presenting a lucrative opportunity for exploration and development.

This deal significantly increases Apache's presence in Western Australia by allowing them to explore and potentially develop one of the largest shale gas resources in the region.

For everyday investors, the Apache and Buru Energy deal highlights the potential for growth and investment opportunities in the energy sector, particularly in shale gas exploration in the Canning Basin.

The Goldwyer shale areas are specific regions within the Canning Basin in Western Australia where Buru Energy holds permits for shale gas exploration, now in collaboration with Apache.

The Goldwyer shale areas are regions within the Canning Basin in Western Australia where Buru Energy will operate permits for shale gas exploration, with Apache earning a significant interest in these operations.

Everyday investors might find the Apache and Buru Energy deal interesting because it involves significant exploration potential in one of the world's largest shale gas resources, which could lead to substantial energy development and investment opportunities.

Investors should pay attention to shale gas exploration deals because they represent potential growth in the energy sector, offering opportunities for investment in emerging resources like those in the Canning Basin.