Shell, Quicksilver Reap $180M In Colo. Shale Acreage Sale

Law360, New York (March 5, 2014, 4:15 PM EST) -- A unit of Southwestern Energy Co. will pay $180 million to buy out assets in Colorado's Sand Wash Basin held by a Royal Dutch Shell PLC subsidiary and Quicksilver Resources Inc., the companies said Wednesday, in a deal intended to boost Southwestern Energy's natural gas resources.

The deal — which is expected to close in May 2014 — sees Southwestern Energy subsidiary Southwestern Energy Production Co. acquiring about 312,000 net acres in northwest Colorado. Steve Mueller, president and CEO of the parent company, said in a...
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