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Shell raises natural gas stake with Eagle Ford stake
"The company recently leased 150,000 acres in an area generally referred to as the Eagle Ford shale play south of San Antonio, said Marvin Odum, president of Houston-based Shell Oil Co., the U.S. arm of the European oil giant. He declined to disclose the seller or the amount of the investment"
This story was emailed to me on Google Alerts for Eagle Ford Shale and linked to http://www.istockanalyst.com/article/...
There is abundant news all over the oil and gas forums about the Eagle Ford shale. The Eagle Ford shale play in South Texas is the "play du jour." Industry participants are piling into this play like crazy -- from big boys like BP (NYSE: BP) and Chesapeake Energy (NYSE: CHK) to small fries like Rosetta Resources (Nasdaq: ROSE) and Swift Energy (NYSE: SFY)