Reliance exits North America shale gas business
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
With this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America.
A Purchase and Sale Agreement was signed between REUHLP and Ensign on 5 November 2021 for this sale. According to Reliance, the sale is at a consideration higher than the current carrying value of the assets.
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Read the article online at: https://www.oilfieldtechnology.com/hydraulic-fracturing/09112021/reliance-exits-north-america-shale-gas-business/
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