Seeking Alpha

Shell pulling up stakes, selling Kansas assets

Shell (RDS.A, RDS.B) is pulling out of Kansas after its exploratory wells didn’t show enough potential to stay, another in a series of departures by major exploration companies that have given up on the Kansas side of the Mississippian Lime foundation.

Shell, which is selling off its 45 producing wells and 600K acres in nine Kansas counties, stopped drilling in July as it reviewed results for its exploratory wells.

Chesapeake (CHK), Encana (ECA) and Apache (APA) have been gone from the state for more than a year, and Midstates Petroleum (MPO) filed its last intent to drill in April.

From other sites
Comments (2)
  • baughlevins
    , contributor
    Comments (2) | Send Message
    I appreciate this information.
    23 Sep 2013, 12:43 PM Reply Like
  • Harry Johnson
    , contributor
    Comments (484) | Send Message
    So, the Mississippi Lime disappoints once again. Didn't someone say "irrational exuberance" when all this started ? (Oh, that was me.)
    23 Sep 2013, 04:53 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs