
CNBC
Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips
Hannah Miao: MON, SEP 20 2021
- Oil giant Royal Dutch Shell announced a deal to sell the entirety of its Permian Basin assets to ConocoPhillips for $9.5 billion in cash.
- The sale is set to close in the fourth quarter this year, the companies said.
Oil giant Royal Dutch Shell announced Monday a deal to sell the entirety of its Permian Basin assets to ConocoPhillips.
ConocoPhillips is purchasing the West Texas business for $9.5 billion in cash, the companies said in a release.
The assets span roughly 225,000 net acres with current production about 175,000 barrels per day, the statement said. The sale is set to close in the fourth quarter this year.
The deal would mark Shell’s complete withdrawal from onshore production in Texas. Shell will maintain its offshore production in Texas.
*This website and sisters
royaldutchshellgroup.com,
shellnazihistory.com,
royaldutchshell.website,
johndonovan.website,
shellnews.net, and
shellwikipedia.com, are owned by
John Donovan - more information
here. There is also a
Wikipedia segment, the
Shell DPA Files,
"Shell and the Spies", the
Shell Leaks files, the
Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.