Royal Dutch Shell Buys East Resources
RENEE MONTAGNE, host:
NPR's business news starts with a natural gas deal.
(Soundbite of music)
MONTAGNE: The global oil company Shell is buying an American company called East Resources to increase its presence in natural gas exploration. Shell is paying $4.7 billion for the Pennsylvania company. East Resources is a big operator in a natural gas field stretching from West Virginia to New York.
Shell and other energy companies are trying to increase holdings of U.S. shale fields that have natural gas reserves.
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