Shell Completes Sale Of Its Permian Business To Conocophillips
Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5B in...
Source: oilandgasonline.com
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Shell (RDS.A) Ends Permian Asset Sale, Begins Stock Buyback
Shell (RDS.A) to use the cash proceeds from the Permian asset sale to buy back up to $1.5 billion of shares from Dec 2, 2021 through Jan 28, 2022.
Source: entrepreneur.com
ConocoPhillips buys Shell's Permian business for $9.5bn
ConocoPhillips has acquired Permian assets in the US from Shell Enterprises, a unit of Royal Dutch Shell, for $9.5bn.
Source: offshore-technology.com
ConocoPhillips completes its $9.5 billion buy of Shell's Delaware basin position
“This deal was justified on three key merits: it meets our rigorous cost of supply framework, we see a way to drive efficiencies from the assets, and the transaction makes our 10-year plan better,” said Ryan Lance, ConocoPhillips chairman and CEO.
Source: worldoil.com
US: ConocoPhillips announces completion of all-cash Permian asset acquisition
ConocoPhillips has completed its acquisition of Shell's prolific Delaware basin position for $9.5 billion in cash. Estimated 2022 production from these assets is expected to be approx. 200 MBOED, roughly half of which is operated.
Source: energy-pedia.com