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Shell’s Little Talked About Permian Position

Summary

  • Royal Dutch Shell bought into the Permian back in 2012.
  • An overview of its JV with Anadarko Petroleum Corporation.
  • Where its acreage is located.
  • Operatorship controversy and probable split from Anadarko.
  • What to expect going forward.

Back in 2012, Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) teamed up with Anadarko Petroleum Corporation (NYSE:APC) to develop the Permian Basin. Royal Dutch Shell plc purchased all of Chesapeake Energy Corporation’s (NYSE:CHK) 50% stake in the joint venture for just under $2 billion, a steal compared to where prices are today. Centered in the prolific Delaware Basin, this part of the Permian is home to some of the most economical unconventional horizons in the world, including the Leonard/Avalon, Bone Spring, and Wolfcamp plays. Let’s dig in. FULL ARTICLE

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