Royal Dutch Shell announced recently that they are acquiring assets in the Marcellus Shale and Niobrara shale with the purchase of East Resources Inc. and have acquired approximately 250,000 acres of mineral rights in the liquid rich window of the South Texas Eagle Ford. With the purchase of East Resources for $4.7 billion, Shell is acquiring roughly 1.05 million overall net acres; 650,000 in the Marcellus and 100,000 in the Niobrara shale play.
The following is a map of East Resources’ permits in Pennsylvania and West Virginia in the last 365 days to provide a general idea of the location of the acquired Marcellus assets.
Using DrillingInfo’s LandTrac, we can also see some of the acquired East Resources Niobrara acreage, in green, in Northwest Colorado in Moffat and Routt Counties.
Shell has now added roughly 1.3 million acres in North America in 2010. They estimate that the new assets have the potential to produce over 16 Tcfe.
In the Royal Dutch Shell’s press release regarding the acquisition, Peter Voser, Shell’s CEO, states “We are enhancing our world-wide Upstream portfolio for profitable growth, through exploration and focused acquisitions, and through divestment of non-core positions. These acreage additions form part of an on-going strategy, which also includes divestments, with an objective to grow and to upgrade the quality of Shell’s North America tight gas portfolio.”
To learn more visit the East Resources folder in the Marcellus Unconventional Update in DI’s DNA.
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