Reliance Industries Ltd has exited the last of its shale gas assets in the US after it agreed to sell its holding in EagleFord shale gas assets for an undisclosed sum of money.
Reliance had between 2010 and 2013 bought stakes in three upstream exploration joint ventures with Chevron, Pioneer Natural Resource, and Carrizo Oil and Gas, and a midstream joint venture with Pioneer. Midstream refers to the processing, storing, transporting and marketing of hydrocarbons.
