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Shell acquires new US tight gas positions

Posted on 04 June 2010

Shell has acquired new positions in the Marcellus and Eagle Ford tight gas plays. Subject to regulatory approvals, Shell is acquiring East Resources, which holds some 650,000 net acres (2,600 sq km) of acreage in the Marcellus. East Resources has some 60 mmscfe/day of production, predominantly natural gas.

Shell also has acquired approximately 250,000 net acres (1,000 sq km) of mineral rights in the Eagle Ford. Shell will be the operator in these undeveloped acreage positions.

So far in 2010, Shell has added approximately 1.3 million acres (5,250 sq km) of North American tight gas acreage. The company believes these new positions have the potential to yield over 16 trillion cu ft of gas equivalent of resources.

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