{"id":448489,"date":"2021-11-09T09:19:39","date_gmt":"2021-11-09T03:49:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=448489"},"modified":"2021-11-09T09:52:45","modified_gmt":"2021-11-09T04:22:45","slug":"reliance-industries-exits-us-shale-gas-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-exits-us-shale-gas-business\/","title":{"rendered":"Reliance Industries exits US shale gas business"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) has completely exited from the upstream oil and shale gas business in the US.<\/p>\n<p>Reliance Eagleford Upstream Holding, LP, a wholly owned step-down subsidiary of RIL, has signed an agreement with Ensign Operating III, LLC, a Delaware limited liability company to divest its interest in certain upstream assets in the Eagleford shale play of Texas. \u201cWith this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America,\u201d it said. <\/p>\n<p>Reliance said a purchase and sale agreement has been signed between the RIL arm and Ensign on November 5. \u201cThe sale is at a consideration higher than current carrying value of the assets,\u201d RIL said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) has completely exited from the upstream oil and shale gas business in the US. Reliance Eagleford Upstream Holding, LP, a wholly owned step-down subsidiary of RIL, has signed an agreement with Ensign Operating III, LLC, a Delaware limited liability company to divest its interest in certain upstream assets in the Eagleford shale play of Texas. \u201cWith this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America,\u201d it said. Reliance said a purchase and sale agreement has been signed between the RIL arm and Ensign on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-448489","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448489","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=448489"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448489\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=448489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=448489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=448489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}