Reliance Industries share price dips 2% as arm sells assets in Eagle Ford shale for $100 mn
Reliance Eagleford Upstream Holding LP has signed a purchase and sale agreement with Sundance Energy Inc to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for approximate consideration of $100 million, it said in a statement.
Reliance Industries continues to retain its interest in the remaining Eagle Ford assets. Image source: Reuters