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Shell Sells Eagle Ford Assets as Part of Global Repositioning

Shell Sells Eagle Ford Assets as Part of Global Repositioning

Shell Sells Eagle Ford Assets as Part of Global Repositioning

Author: William Ploch | Published: June 23, 2014
Industry Segment: Production  |  Word Count: 904 Words
Attachment: US Wellhead Prices, June 2014

SUGAR LAND--June 23, 2014--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 Mobil (NYSE:XOM)

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