Eni SpA (NYSE:E) (BIT:ENI) has signed an agreement with Quicksilver for cooperation on development of shale oil and gas in the onshore fields of the United States. The two companies will work together to jointly evaluate, explore and develop unconventional oil reservoirs (shale oil) onshore in the U.S., revealed Eni in a press release this morning.
The agreement calls for Eni SpA (NYSE:E) (BIT:ENI) to acquire a 50% stake in the 53,500 gross acres held by Quicksilver. These undeveloped fields under Quicksilver’s ownership are located in the Leon Valley area, located in Pecos County (West Texas) approximately 800 km northwest...


