Royal Dutch Shell
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(Royal Dutch Shell is a multinational petroleum company considered to be one of the top ten)
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Revision as of 17:57, 30 May 2010
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The Hague, Netherlands-based Royal Dutch Shell (aka Shell) (UK: RDSA) is a multinational petroleum company considered to be one of the top ten largest corporations in the world. Its U.S. subsidiary, Shell Oil Co., is headquartered in Houston, Texas.
Shell was in the news in late-May, 2010 when it purchased substantially all of the business of East Resources including a 650,000 net acre Marcellus shale leasehold for $4.7 billion. The deal was to close in two phases with the first to be completed by late summer. The second phase was to include East's West Virginia property and close before year-end pending regulatory approval. The properties acquired from East produce 60 Mmcfe/d.
