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Royal Dutch Shell Buys East Resources

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Royal Dutch Shell Buys East Resources

Business

Royal Dutch Shell Buys East Resources

Royal Dutch Shell Buys East Resources

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  • <iframe src="https://www.npr.org/player/embed/127230230/127230221" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Global oil giant Shell is buying the U.S. company to increase its presence in natural gas exploration. Shell is paying $4.9 billion for the Pennsylvania company. East Resources is a big operator in a natural gas field stretching from West Virginia to New York.

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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