Shell completes sale of U.S. Appalachia assets

Shell completes sale of U.S. Appalachia assets

SWEPI LP (“Shell”), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Appalachia shale gas position to Seneca Resources Company, LLC and NFG Midstream Covington, LLC, each of which are subsidiaries of National Fuel Gas Company (“NFG”).


The consideration amount of $541 million, less closing adjustments, is paid fully in cash. The transaction has an effective date of January 1, 2020.

[Read more…]


Source: Royal Dutch Shell plc


Report by: OGP/Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook

Oil and Gas News Straight from the Source

#FOLLOW US ON INSTAGRAM