India to spend 1.3 billion acquisition of U.S. shale gas assets.

<P> Energy giant Reliance Industries of India 24, announced the acquisition of U.S. spent $ 1,315,000,000 Pioneer Natural Resources Company's Eagle Ford shale gas assets, some of regional interest. .</ P> <P> This is the Reliance Industries in April this year by 17 billion acquisition of U.S. shale gas assets of Atlas Energy to enter again after the area of shale gas development. .</ P> <P> acquisition, Reliance Industries will own 45% of the new joint venture equity. .The new joint venture in southern Texas in the United States has 263,000 acres of shale gas block 91% of the equity. .</ P> <P> Under the agreement, Reliance will pay 263 million in cash advances, while the remaining funds within the next four years to pay for capital expenditure. .</ P>.