Royal Dutch Shell’s holdings in the Permian Basin as the European Giant considers unloading its operations there. Reuters included Devon in its list of those firms that might be interesting in buying Shell’s Permian holdings.
ConocoPhillips, Devon Energy, Chevron Corp , EOG Resources and some private energy houses are all potential bidders for some or all of Shell’s Permian assets, according to analysts.
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Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in the U.S., a possible sale that could raise as much as $10 billion, according to Reuters.
The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, Reuters reported citing unidentified people familiar with the matter. Shell declined to comment on Reuters’ report.
The oil and gas behemoth is under pressure to accelerate carbon emissions cuts after a Dutch court ruled last month that the company’s climate plans didn’t go far enough. The order to cut emissions faster and more drastically than planned is likely to have far-reaching consequences on the sector.
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