Shell completes sale of its Permian business to ConocoPhilli

Shell completes sale of its Permian business to ConocoPhillips


HOUSTON, Dec. 2, 2021 /PRNewswire/ -- Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash. The agreement covers the sale of Shell's 225k net acres and existing production of around 175 thousand barrels equivalent per day. As noted in the...

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