Posted AT 9:32 PM EST on 14/07/08
With prices high, B.C. gas is hot
Calgary — Hungry for a bigger piece of North America's natural gas boom,
Royal Dutch Shell PLC is spending $5.23-billion to buy
Duvernay Oil Corp. and its stake in northeast British Columbia's red-hot shale gas.
The acquisition is the biggest bet yet on the vast potential of B.C.'s unconventional gas assets, which have long been seen as too difficult to develop.
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