August 28, 2016 8:10 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Reliance Holding USA, Inc.

Company Overview

Reliance Holding USA, Inc. engages in production of natural gas and liquids from various shale deposits in the United States. The company was incorporated in 2010 and is based in Houston, Texas. Reliance Holding USA, Inc. operates as a subsidiary of Reliance Industries Limited.

1675 South State Street

Suite B

Dover, DE 19901

United States

Founded in 2010

Key Executives for Reliance Holding USA, Inc.

President and Chief Executive Officer
Age: 61
Compensation as of Fiscal Year 2016.

Reliance Holding USA, Inc. Key Developments

Reliance Mulls Stake Sale In Eagle Ford Shale

Reliance Industries Limited (BSE:500325) intends to sell its 49.9% stake in Eagle Ford Shale Midstream joint venture. Reliance Industries holds the stake through Reliance Holding USA, Inc.

Pioneer And Reliance Holding To Sell Their Eagle Ford Shale Midstream Business

Pioneer Natural Resources Co. (NYSE:PXD) is planning to sell its 50.1% stake in Eagle Ford Shale Midstream business. Reliance Holding USA, Inc. owns the remaining 49.9% of the EFS Midstream business and also plans to pursue the divestment of its share in a joint process with Pioneer. Pioneer said, "Pioneer Natural Resources Company today announced that the Company is pursuing the divestment of its 50.1% share of the Eagle Ford Shale Midstream business." Scott D. Sheffield, Chairman and Chief Executive Officer of Pioneer said, "The sale of EFS Midstream would allow us to strategically redeploy capital to our core, oil-rich Spraberry/Wolfcamp assets in the Permian Basin of West Texas, where we are successfully transforming the substantial resource potential we delineated in 2013 into strong production growth. We currently have no plans to divest our Eagle Ford Shale upstream assets. The sale of EFS Midstream is not expected to impact our ability to export processed Eagle Ford condensate." Pioneer expects to open a data room in December 2014.

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