Shell completes sale of U.S. Appalachia assets to National Fuel
SWEPI LP (“Shell”), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Appalachia shale gas position to Seneca Resources Company, LLC and NFG Midstream Covington, LLC, each of which are subsidiaries of National Fuel Gas Company (“NFG”).
The consideration amount of $541 million, less closing adjustments, is paid fully in cash. The transaction has an effective date of January 1, 2020.
Shell has operated this asset over the past decade and is proud of the relationship it has built with the local community in Appalachia while delivering strong operational performance and commitment to safety.
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