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RIL sells few assets in Eagle Ford Shale in US for $100 million

The assets being sold, the company said, were not part of near term development plan of the Joint Development

Amritha Pillay 

Mukesh Ambani, Reliance Industries on Tuesday, announced an agreement to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for a consideration of $100 Million. “Reliance Eagleford Upstream Holding LP, a subsidiary of both Reliance Holding USA, Inc., and Reliance Industries, announced the signing of a purchase and sale agreement with Sundance Energy Inc. to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for ...

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First Published: Wed, March 28 2018. 00:48 IST
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