Shell to Sell U.S. Gas Fields for $2.1 Billion, New Acreage

Royal Dutch Shell Plc sold two natural gas assets in Wyoming and Louisiana for $2.1 billion plus shale acreage in Pennsylvania, continuing a $15 billion divestiture plan.

Shell, Europe’s largest oil company, sold its Pinedale acreage in Wyoming to Ultra Petroleum Corp. for $925 million and 155,000 acres in Pennsylvania’s Marcellus and Utica shales, the Hague-based company said in a statement today. In a second deal, Vine Oil & Gas LP and its partner Blackstone Group LP will buy Shell’s properties in the Haynesville area of Louisiana for $1.2 billion.