Shell announces sale of Eagle Ford acreage, South Texas

percent working interest in approximately 106,000 net acres in Dimmit, LaSalle,
and Webb Counties, Texas to Sanchez Energy Corp. for approximately $0.639
billion, subject to closing.
The sale includes approximately 176 operated producing wells and associated
field facilities and infrastructure. Net production in Q1 2014 was approximately
24,000 barrels of oil equivalent per day, with approximately 60 percent crude
and natural gas liquids.
The agreement is effective January 1, 2014 and is expected to close at the end
of the second quarter of this year.
This transaction is part of Shell's restructuring of its North Americas
resources plays (shale oil and gas) portfolio, to focus on acreage positions
that can reach the scale required by Shell. In addition to this sale, Shell
previously divested its acreage position in the Mississippi Lime in Kansas, its
Utica shale position in Ohio and a portion of its acreage in the Sandwash
Niobrara basins in Colorado as part of this strategy.
Inquiries:
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and physical risks; (h) risks associated with the identification of suitable
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and renegotiation of the terms of contracts with governmental entities, delays
or advancements in the approval of projects and delays in the reimbursement for
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by the cautionary statements contained or referred to in this section. Readers
should not place undue reliance on forward-looking statements. Additional risk
factors that may affect future results are contained in Royal Dutch Shell's 20-F
for the year ended December 31, 2013 (available at www.shell.com/investor and
www.sec.gov). These risk factors also expressly qualify all forward looking
statements contained in this release and should be considered by the reader.
Each forward-looking statement speaks only as of the date of this release, May
21, 2014. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake
any obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or other information. In light of these
risks, results could differ materially from those stated, implied or inferred
from the forward-looking statements contained in this release.
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website www.sec.gov. You can also obtain these forms from the SEC by calling
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Source: Shell International BV via GlobeNewswire
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