Royal Dutch Shell Natural Gas Holdings
Royal Dutch Shell (NYSE:RDS.A) has been increasing its position in a natural gas field in Texas to enlarge their position in the North American gas business, which has great promise for decades ahead.
The location of the Texas natural gas field is near San Antonio, and is called Eagle Ford. Shell leased another 150,000 acres in the region not too long ago in anticipation of increasing demand for the commodity.
Shell has been working the last couple of years to build up their portfolio in North America, and now have 2.4 million acres of land which holds up to 21 trillion cubic feet of natural gas.
Shell also has significant holdings in the U.S. Rockies and Louisiana, as well as in British Columbia and Alberta, Canada.
Shale gas could end up accounting for half of all U.S. natural gas supplied by 2035.
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