Royal Dutch Shell plc on Friday agreed to pay $4.7 billion to acquire subsidiaries of privately held East Resources Inc., instantly giving the supermajor, which is based in The Hague, Netherlands, a substantial foothold in the Marcellus Shale and even more acreage in the Eagle Ford Shale.
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Shell Gains Substantial Foothold in Marcellus, Eagle Ford
Royal Dutch Shell plc on Friday agreed to pay $4.7 billion to acquire subsidiaries of privately held East Resources Inc., instantly giving the supermajor, which is based in The Hague, Netherlands, a substantial foothold in the Marcellus Shale and even more acreage in the Eagle Ford Shale.
EnronCredit.com Launched
Enron launched EnronCredit.com, a global online creditdepartment to provide live credit prices and enablebusiness-to-business customers to hedge credit exposure instantlyvia the Internet. EnronCredit.com helps businesses evaluate thecredit quality of their customers in real time and, beginning March8, will allow them to transact in bankruptcy swaps via Enron’sglobal Internet-based transaction system, EnronOnline.