Shell Sells Out of Canada’s Duvernay Shale Play
Transaction Type
Sellers
Basin
Kaybob Duvernay
Announce Date
Post Date
Estimated Price
900MM
Description
To buy Shell’s position in the Kaybob Duvernay play in Alberta including approximately 30,000 boe/d (57% condensate, 8% NGL, 35% shale gas) of production plus an inventory of about 200 net internally identified drilling locations; total consideration consists of CA$700 MM in cash and 50 MM common shares. (Expected to close April)