Shell sells Eagle Ford acreage
Shell is selling its Eagle Ford acreage in south Texas as part of its North American shale divestment programme. On 21 May, the Anglo-Dutch supermajor announced it has agreed to sell its 100% stake in 106,000 net acres in Dimmit, LaSalle, and Webb counties to Sanchez Energy Corporation for $639 billion. The sale includes 176 operated, producing wells and associated field facilities and infrastructure. Shell said its net production in the first quarter of 2014 was around 24,000 barrels of oil equivalent per day (boe/d). Around 60% of this was crude and natural gas liquids. The deal is effective from 1 January and is expected to close at the end of the second quarter. Shell said the sale is pa
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