May 28, 2010 - (Wall Street Journal) Shell agrees to acquire East Resources for $4.7 billion. East Resources is one of the largest companies operating in the Marcellus Shale, and it owns 1.25 million acres across several states. The deal also gives Shell the mineral rights to areas in Texas' Eagle Ford Shale. Analysts say the deal shows a continued interest (by Shell) in producing gas from North American shale.
May 28, 2010 - (Reuters) Penn Virginia purchases 10,000 Marcellus acres for $19.5 million from two private oil and gas companies. The acquired acreage is primarily in the Potter, Somerset and Tioga counties in Pennsylvania. The deal increases Penn Virginia's ownership in the area to about 45,000 net acres, the company said.
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