This week we are watching with great interest what will be a reshuffling of US shale assets that paints an interesting picture of the emerging playing field. Anglo-Dutch supergiant Shell is planning to sell off its entire 106,000-acre holding in the Eagle Ford Shale and another 600,000 acres in the Mississippian Lime play in Kansas. The knee-jerk reaction to this is to ask why would this supergiant sell off these prime producing assets—especially the liquids-rich assets? On the surface, Shell is making up for a $2.1 billion after-tax impairment…
via OilPrice.com Daily News Update http://oilprice.com/Energy/Energy-General/Oilprice-Intelligence-Report-Welcome-to-the-US-Shale-Reshuffle.html
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