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Eagle Ford acreage

Shell announces sale of Eagle Ford acreage, South Texas

Screen Shot 2013-12-22 at 19.09.5221 May 2014

Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation for approximately $0.639 billion, subject to closing.

The sale includes approximately 176 operated producing wells and associated field facilities and infrastructure. Net production in Q1 2014 was approximately 24,000 barrels of oil equivalent per day, with approximately 60 percent crude and natural gas liquids. read more

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