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.
Comments (2)
  • baughlevins
    , contributor
    Comments (2) | Send Message
    I appreciate this information.
    23 Sep 2013, 12:43 PM Reply Like
  • Harry Johnson
    , contributor
    Comments (480) | 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
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