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Shell Sells Eagle Ford Assets as Part of Global Repositioning

Screen Shot 2014-06-23 at 11.37.41Extract from an Industrial Info Resources article by John Egan published 23 June 2014

Royal Dutch Shell plc is selling its acreage in the Eagle Ford Shale to Sanchez Energy Corporation 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.

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