Shell snaps up Texan assets from Chesapeake

Anglo-Dutch oil giant Royal Dutch Shell acquired some Texan assets from US titan Chesapeake Energy on Wednesday for a price of nearly two billion dollars.

Anglo-Dutch oil giant Royal Dutch Shell acquired some Texan assets from US titan Chesapeake Energy on Wednesday for a price of nearly two billion dollars.

The company said that the $1.935bn acquisition marks a further step in its strategy to build "a leading portfolio of shale assets rich in oil and natural gas liquids".

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