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.
Source: Royal Dutch Shell plc
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