Exploration & Production | Top Story
Shell Leaving the Niobrara; JV Partner Quicksilver Has Questions
Print
|
Royal Dutch Shell PLC reported a 60% fall in profit for the second quarter, largely because it wrote down the value of its North American shale assets by over $2 billion after tax after disappointing drilling results.
As part of it's efforts to resize it's unconventional portfolio, Shell is selling its Northwest Colorado Niobrara asset. Shell secured more than 100,000 net acres when it acquired East Resources in 2010, see deal here. Shell's departure also has the potential to impact Quicksilver Resources, which last year announced an agreement with Shell to jointly develop oil and gas in an area covering more than 850,000 acres in Northwest Colorado.
There are more questions than answers regarding Shell's drilling obligation to Quicksilver.
Shell's Unconventional Deals In 2010, Shell…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Rockies News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…