Apollo, Apex Team Up On Northeast Shale Property Venture

Law360, New York (May 2, 2013, 1:40 PM EDT) -- Apollo Global Management LLC and Apex Energy LLC are pitching together their resources to invest in oil and gas properties, with a focus on a Northeastern shale play, according to a Thursday announcement.

Pairing Apollo's deep pockets and connections with oil and gas company Apex's expertise in the region, affiliates of the companies plan to target properties in the Appalachian Basin, with their bullseye set particularly on the Marcellus Shale formation.

“We believe that the long-term prospects for the Appalachian Basin, and the Marcellus Shale in...
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