Sneaking

Shell Follows Independents into Fayetteville Shale

Royal Dutch Shell plc appears to sneaking into one of the largest new natural gas plays in the United States, after quietly signing a series of transactions in 2005 to explore about 70,000 acres of the Fayetteville Shale in north-central Arkansas. Shell is the first major to enter the region, following independents that include Southwestern Energy Co., which considers the play its bread and butter.

January 18, 2006