Shell agrees to acquire East Resources for $4.7 billion

05/31/2010 | Wall Street Journal, The

Royal Dutch Shell struck a deal to purchase natural gas explorer East Resources for $4.7 billion. East Resources is one of the largest companies operating in the Marcellus Shale, and it owns 1.25 million acres across several states. The deal also gives Shell the mineral rights to areas in Texas' Eagle Ford Shale. Analysts say the deal shows a continued interest in producing gas from North American shale.

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