Shell Sells Out of Canada’s Duvernay Shale Play
Transaction Type
Sellers
Buyers
Basin
Kaybob Duvernay
Announce Date
Post Date
Estimated Price
CA$900.0MM
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)