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Is Shell Looking to Pivot From US Shale?

Copyright © 2021 Energy Intelligence Group

Royal Dutch Shell may be looking for buyers for its Permian Basin shale assets, worth an estimated $10 billion, according to reporting from Reuters citing unnamed sources. Shell declined to comment when contacted by Energy Intelligence. There is no guarantee a deal is in the works. Shell’s Permian assets are the last of its US shale holdings. The short-cycle nature of shale makes it a strong complementary asset in the company’s evolving portfolio, since development will be biased to this decade, when there is more certainty around oil demand, and the cash flow it generates can help fund expansion elsewhere. Shell's Shale Stake

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