Shell (RDS.A) is acquiring privately-held East Resources Inc. for $4.7B in cash, giving it...

|By:, SA News Editor

Shell (RDS.A) is acquiring privately-held East Resources Inc. for $4.7B in cash, giving it substantially more exposure to natural gas plays in North America. East Resources owns and operates more than 2,500 producing oil and gas wells in New York, Pennsylvania, West Virginia, and Colorado, and has been operating in the so-called Marcellus Shale for 25 years. RDS -1% in London.