Shell Sells Eagle Ford Assets as Part of Global Repositioning, an Industrial
Info News Alert
SUGAR LAND, TX -- (Marketwired) -- 06/23/14 -- Written by John Egan
for Industrial Info Resources (Sugar Land, Texas) -- Royal Dutch
Shell plc (NYSE:RDS-A) (The Hague, Netherlands) is selling its
acreage in the Eagle Ford Shale to Sanchez Energy Corporation
(NYSE:SN) (Houston, Texas) for about $639 million, continuing the
super-major's asset sales and portfolio repositioning. Shell bought
that acreage a few years back for an estimated $1 billion. Last
summer, the super-major took a $2.1 billion write-down on the value
of its Eagle Ford assets.
Other companies featured: BP plc (NYSE:BP), Chevron (NYSE:CVX), Exxon
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