{"id":399218,"date":"2021-02-05T11:23:22","date_gmt":"2021-02-05T05:53:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399218"},"modified":"2021-02-05T11:29:37","modified_gmt":"2021-02-05T05:59:37","slug":"reliance-to-sell-us-marcellus-shale-gas-assets-for-250-mn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-to-sell-us-marcellus-shale-gas-assets-for-250-mn\/","title":{"rendered":"Reliance to sell US\u2019 Marcellus shale gas assets for $250 mn"},"content":{"rendered":"<p>MUMBAI : Reliance Industries Ltd (RIL) has agreed to sell its entire stake in certain upstream assets in the Marcellus shale gas asset in south-western Pennsylvania in the US for $250 million amid a weakness in the global hydrocarbon market.<\/p>\n<p>The assets, controlled by RIL\u2019s wholly-owned unit Reliance Marcellus LLC and operated by affiliates of EQT Corporation, a US based energy company engaged in hydrocarbon exploration and pipeline transport, will be sold to Northern Oil and Gas (NOG) Inc.<\/p>\n<p>The $250 million deal comprises cash and warrants that entitle RIL to buy 3.25 million common shares of NOG at a price of $14.00 per common share over the next seven years, RIL said in a release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Reliance Industries Ltd (RIL) has agreed to sell its entire stake in certain upstream assets in the Marcellus shale gas asset in south-western Pennsylvania in the US for $250 million amid a weakness in the global hydrocarbon market. The assets, controlled by RIL\u2019s wholly-owned unit Reliance Marcellus LLC and operated by affiliates of EQT Corporation, a US based energy company engaged in hydrocarbon exploration and pipeline transport, will be sold to Northern Oil and Gas (NOG) Inc. The $250 million deal comprises cash and warrants that entitle RIL to buy 3.25 million common shares of NOG at a [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-399218","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}