Friday, May 28, 2010

Shell Acquires U.S. Gas Firm, East Resources, For $4.7B

Shell Acquires U.S. Gas Firm, East Resources, For $4.7B
Global Leader, Royal Dutch Shell plc, announced it has agreed to buy U.S. gas company East Resources Inc: 4700000000 U.S. dollars from private investors. East Resources Inc., is one of the largest holders of Shale Gas Holdings in the United States. Shell also announced the acquisition of the company to pay in cash production capacity of 10 000 barrels of oil per day.

At one end, where Shell has revealed plans to buy U.S. gas, analysts believe that Shell would be even livelier than the company already considerable costs. After working on, the daily production of gas by Shell in North America have increased by 7.5 percent.

Shale gas is an important one of the strongest liberator of oil in the future. It is currently the gas share of between 15-20 per cent of total U.S. gas production costs, but it is expected to quadruple in the next few years.

Another source said that the company does not comment on how it intends to finance the purchase. The current balance is $ 8.45 cash and cash equivalents is March 31 billion. One analyst said that if the company intends to move in the same way, not much has declared a dividend of the next two years.

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