Energy Co. Corridor Can't Find Partner For Shale Project

Law360, New York (December 21, 2011, 5:39 PM EST) -- Oil and natural gas explorer Corridor Resources Inc. has failed to attract a joint venture partner to develop shale gas prospects in New Brunswick, Canada, after Apache Corp. backed out of the project this summer, Corridor announced Wednesday.

Corridor’s plans for the Frederick Brook shale play in New Brunswick continue to languish after oil and gas producer Apache exited a joint venture to develop the assets in May when initial wells proved lackluster. The Halifax, Nova Scotia-based exploration company, however, will continue to shop the project...
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