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Shell Buys East Resources For $4.7 Billion, Williams Buys Gas Leases For $501 Million

Royal Dutch Shell announced they will buy Pennsylvania-based East Resources, Inc. Marcellus Shale natural gas driller for $4.7 billion. East Resources has 1.25 million acres of gas leases in Pennsylvania, New York and West Virginia.
            The Oklahoma-based Williams, Inc. announced this week it has signed Marcellus Shale natural gas leases in Columbia, Luzerne and Susquehanna counties covering 42,000 acres for a total cost of $501 million.
            In a third transaction, Penn Virginia Corporation acquired 10,000 acres of Marcellus Shale natural gas leases for $19.5 million in cash and royalty payments in Potter, Somerset and Tioga counties.
            NewsClips: Oklahoma Company Adds To Gas Land Lease Holdings
                                Shell Buys East Resources Gas Driller For $4.7 Billion 
                                Shell Buys East Resources In Marshall For $4.7 Billion
                                Shell Pays $4.7 Billion For Marcellus Firm
                                East Resources Announces Sales Agreement With Shell
                                Penn Virginia Announces Acquisitions In Marcellus Shale Areas
                                Who's Next To Sell Out Of Marcellus Shale?

5/31/2010

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