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2310, 2016

10-23-16 Shell Sells $1Billion In Northern Assets

By |October 23rd, 2016|Categories: Uncategorized|0 Comments

PennEnergy: Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”) announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million (C$1,369 million). The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 million. [...]

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