|By Marketwired .||
|June 23, 2014 06:15 AM EDT||
SUGAR LAND, TX -- (Marketwired) -- 06/23/14 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands) is selling its acreage in the Eagle Ford Shale to Sanchez Energy Corporation (NYSE:SN) (Houston, Texas) for about $639 million, continuing the super-major's asset sales and portfolio repositioning. Shell bought that acreage a few years back for an estimated $1 billion. Last summer, the super-major took a $2.1 billion write-down on the value of its Eagle Ford assets.
Other companies featured: BP plc (NYSE:BP), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM)
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
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