Reliance Exits Shale Gas Business in North America

Reliance Industries Ltd (RIL) will be leaving the shale gas business in North America as an understanding was inked on November 8 to auction the resources connected to its auxiliary Reliance Eagleford Upstream Holding, LP (REUHLP) in Eagleford shale play.

The agreement available to be purchased of resources has been inked among REUHLP and Ensign Operating III, LLC, a Delaware-based restricted responsibility organization.

The understanding is pointed toward stripping REUHLP’s “advantage in specific upstream resources in the Eagleford shale play of Texas, USA”, said an official statement gave by RIL.

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