(RTTNews) - National Fuel Gas Co. (NFG) Monday said it agreed to buy Royal Dutch Shell plc's (RDS.A) upstream and midstream gathering assets in Pennsylvania for about $541 million. The deal includes about 350 producing Marcellus and Utica wells across about 450,000 net leasehold acres and is scheduled to close by the end of July. Find the right card Whether you’re a multinational company operating across borders, or an independent local business, you’ll find a fleet fuel card that fits your needs perfectly. The consideration is intended to be paid in cash, but National Fuel has the option to provide up to $150 million of NFG common stock as consideration. In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: the Company’s ability to successfully integrate acquired assets, including Shell’s upstream and midstream gathering assets in Pennsylvania, and achieve expected cost synergies; impairments under the SEC’s full cost ceiling test for natural gas and oil reserves; changes in the price of natural gas or oil; the length and severity of the COVID-19 pandemic, including its impacts across our businesses on demand, operations, global supply chains and liquidity; changes in economic conditions, including global, national or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services; the creditworthiness or performance of the Company’s key suppliers, customers and counterparties; financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures and other investments, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions; changes in laws, regulations or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing; delays or changes in costs or plans with respect to Company projects or related projects of other companies, including disruptions due to COVID-19, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators; the Company’s ability to complete planned strategic transactions; governmental/regulatory actions, initiatives and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design and retained natural gas), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal; changes in price differentials between similar quantities of natural gas or oil sold at different geographic locations, and the effect of such changes on commodity production, revenues and demand for pipeline transportation capacity to or from such locations; the impact of  information technology disruptions, cybersecurity or data security breaches; factors affecting the Company’s ability to successfully identify, drill for and produce economically viable natural gas and oil reserves, including among others geology, lease availability, title disputes, weather conditions, shortages, delays or unavailability of equipment and services required in drilling operations, insufficient gathering, processing and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; other changes in price differentials between similar quantities of natural gas or oil having different quality, heating value, hydrocarbon mix or delivery date; the cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company; uncertainty of oil and gas reserve estimates; significant differences between the Company’s projected and actual production levels for natural gas or oil; changes in demographic patterns and weather conditions; changes in the availability, price or accounting treatment of derivative financial instruments; changes in laws, actuarial assumptions, the interest rate environment and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities or acts of war; significant differences between the Company’s projected and actual capital expenditures and operating expenses; increasing costs of insurance, changes in coverage and the ability to obtain insurance. Shell Sells U.S. Appalachia Assets to National Fuel Canada NewsWire HOUSTON, May 4, 2020 HOUSTON, May 4, 2020 /CNW/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell… (Shell) Notes to Editors The transaction is intended to be paid fully in cash but alternatively National Fuel will pay up to $150 million of the purchase price in Breaking Company News The lost year: How Covid-19 left many National Fuel Gas (NYSE:NFG) agrees to acquire Royal Dutch Shell's (RDS.A, RDS.B) integrated upstream and midstream assets in Pennsylvania for $541M. National Fuel (NYSE: NFG) can either pay in cash or up to $150 million of the purchase price in common stock at a $38.97 share value; National Fuel closed Monday at $38.93 a share. Keep up to date with developments at Shell via email alerts, Twitter or other social media. These terms are also used where no useful purpose is served by identifying the particular entity or entities. The transaction has an effective date of January 1, 2020. On May 4, 2020, National Fuel Gas announced that it was buying Shell’s (NYSE:RDS.B) Appalachian assets for approximately $500 million. Royal Dutch Shell plc, through its affiliate SWEPI LP (“Shell”), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject to … The consideration is intended to be paid in cash, but National Fuel has the option to provide up to USD 150 million of NFG common stock as consideration. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. Shell Divests Shale Gas Appalachia Assets to National Fuel. National Fuel can pay all cash or include up to $150 million of its common stock at an adjusted price of $38.97 per share. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. We aim to keep your business on the move; you can always find us, especially if you use our Fuel Finder online, or download our app. In this press release “Shell”, “Shell Group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Royal Dutch Shell PLC subsidiary SWEPI LP will sell its Appalachian shale gas upstream and gathering assets in Pennsylvania to National Fuel Gas Co. for $541 million, the companies announced May 4. “The closing of the largest acquisition in our 118-year history marks an exciting time for the Company, and leaves us well-positioned for the long-term, said David P. Bauer, the Company’s President and Chief Executive Officer. National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Financial News National Fuel Gas Company ... | December 2, 2020 FISCAL 2020 GUIDANCE UPDATE The Company is updating its fiscal 2020 production guidance to a range of 245-255 Bcfe, and its Gathering segment revenue guidance to a range of $140-$150 million, both to reflect the expected incremental production from the Shell acquisition during a portion of the fourth fiscal quarter. Shell has reached an agreement with publicly listed US energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC to sell its Appalachia shale gas position for US$541 million, subject to closing adjustments. (RTTNews) - National Fuel Gas Co. (NFG) Monday said it agreed to buy Royal Dutch Shell plc's (RDS.A) upstream and midstream gathering assets in Pennsylvania for about $541 million. National Fuel Gas Company Names Ronald C. Kraemer Chief Operating Officer December 15, 2020 John R. Pustulka to Retire March 1, 2021, After 47 Years with the Company Today, National Fuel … Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. "Shell's assets are a perfect fit." The Company’s expectations, beliefs and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs or projections will result or be achieved or accomplished. Certain statements contained herein, including statements identified by the use of the words “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “predicts,” “projects,” “believes,” “seeks,” “will,” “may” and similar expressions, and statements which are other than statements of historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. The transaction is part of divesting non-core assets and in line with Shell Additional information about National Fuel is available. HOUSTON, May 4, 2020 /CNW/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together "National Fuel"), to sell its Appalachia shale gas … Industrial Lubricants and Oils for Business, New Energies: building a lower-carbon power business, Sustainability reporting and performance data, Shell Rimula Truck & Heavy-duty Engine Oils, More and cleaner energy solutions for your business, Our home energy offer for households in Great Britain, Purchase order general terms and conditions, Shell invoicing channels and invoice requirements, Electronic signature data privacy statement, Health, Security, Safety and the Environment, Subscribe to Shell Catalysts & Technologies, View Industrial Lubricants and Oils for Business, Flightpath: exploring the future of aviation, The benefits of chemicals in everyday life, Shell FuelSave Diesel and Shell Diesel Extra, Shell Fuel Oil Plus and Shell Fuel Oil Extra, Shell Electronic Vendor Managed Inventory, HSSE & Social Performance Commitment and Policy. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Divesting our Appalachia position is consistent with our desire to focus our Shales portfolio,” said Wael Sawan, Upstream Director at Shell. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. It is a core part of our Upstream portfolio along with the Deep Water and Conventional oil and gas businesses.”. --National Fuel Gas Company announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from … Shell’s ambition to be a net-zero emissions energy business, Cutting carbon together, sector by sector, Natural Gas: providing more and cleaner energy, Putting Safety First in Shale Oil and Gas, Leveraging Technology in Shale Oil and Gas, Social and Environmental Responsibility in Shales, Chief Technology Officer and Chief Scientists, The role of technology in the energy transition, Another step towards a global electricity business, View New Energies: building a lower-carbon power business, Explore Shell’s Global Energy Resources database, Share your idea and transform the energy industry, Boosting local economies through entrepreneurship, Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Preventing the facilitation of tax evasion, View Sustainability reporting and performance data, Voluntary reporting standards and ESG ratings, Investing in access to energy for communities, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, Find a Job in the Shell Graduate Programme, Shell sells U.S. Appalachia assets to National Fuel, The transaction is intended to be paid fully in cash but alternatively National Fuel will pay up to $150 million of the purchase price in NFG common stock at an adjusted price of $38.97 per share, with the balance paid in cash, If the transaction is not paid fully in cash, there will be two contingent payments of up to $15mln for each of the years 2021 and 2022 depending on certain market conditions, in which the payment will be pro-rata reduced if National Fuel elects for less share compensation at close, Shell’s Appalachia operations are located in the predominately rural northern and western portions of Pennsylvania, where we drill and produce dry gas from the Marcellus and Utica formations, Shell remains committed to Pennsylvania, for example through our Pennsylvania Petrochemicals Complex which brings new growth and jobs to the region, with up to 6,000 construction workers involved in building the new facility and an expected 600 permanent employees when completed, Shell continues to have attractive opportunities in its Shales portfolio both inside and outside the United States, which we operate with a focus on driving down costs while increasing efficiency in all areas of our business. This press release contains forward-looking statements (within the meaning of the U.S. National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after customary purchase price adjustments. As part of the deal, National Fuel … National Fuel Completes Acquisition of Shell’s Integrated Upstream and Midstream Assets in Pennsylvania WILLIAMSVILLE, N.Y., July 31, 2020 (GLOBE NEWSWIRE) -- National Fuel … From an Article of the Energy Industry Review, May 12, 2020. National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. ET (RTTNews) - National Fuel Gas Co. (NFG) Monday said it agreed to buy Royal Dutch Shell plc's (RDS.A) upstream and midstream gathering assets in … HOUSTON, May 4, 2020 /PRNewswire/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel … The National Association of Shell Marketers, Inc. (NASM) is a brand-specific trade association which represents the interests of those companies which have wholesale supply contracts with Shell Oil, its licensees or its branded marketers. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. Press Release National Fuel Completes Acquisition of Shell's Integrated Upstream and Midstream Assets in Pennsylvania Published: July 31, 2020 at 4:15 p.m. National Fuel Gas Company announced that it has entered into a purchase and sale agreement to acquire Shell’s upstream and midstream gathering assets in Pennsylvania for total consideration of approximately $541 (Shell) Notes to Editors The transaction includes the transfer of ~450,000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and No assurance is provided that future dividend payments will match or exceed previous dividend payments. Pilipinas Shell conducted its fuel marking operations at its Northern Mindanao Import Facility (NMIF) in Cagayan de Oro city last November 2019 to support the government’s program on fuel … The sale is subject to regulatory approvals and expected to close by end of July 2020. National Fuel is paying a price that is the equivalent of about $1,250 per net acre. National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary of Royal Dutch Shell … HOUSTON, May 4, 2020 /PRNewswire/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel … What is Shell's Net Carbon Footprint ambition? Shell Fuel Card is the ideal partner for any international business, offering tools and services to reduce your operating costs and ease fleet management. Shell's upstream director, Wael Sawan, said the major will continue to focus its shale strategy around tight oil, and divesting the Appalachian position is consistent with that plan. National or international acceptance With our national and international cards you can choose where your drivers can use their Shell Fuel Card. The consideration is intended to be paid in cash, but National Fuel has the option to provide up to USD 150 million of NFG common stock as consideration. Royal Dutch Shell plc, through its affiliate SWEPI LP (“Shell”), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject to closing adjustments. The transaction is part of divesting non-core assets and in line with Shell’s Shales strategy which focusses on development of higher margin, light tight oil assets. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. National Fuel CEO David Bauer said in a conference call with analysts Tuesday that the Shell acquisition was a perfect fit for the company. Additional information about National Fuel is available at www.nationalfuel.com. We see that our customers are never far from a Shell fuel station. National Fuel is paying a price that is the equivalent of about $1,250 per net acre. National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Royal Dutch Shell PLC, through its affiliate SWEPI LP, has agreed to sell its Appalachia shale gas position to National Fuel Gas Co. and its subsidiaries for $541 million. Ltd (through British Petroleum) but continued its separate trading identity. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. National Fuel Gas Company (NYSE: NFG) (the “Company”) announced that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), to acquire Shell… Each forward-looking statement speaks only as of the date of this press release, April 30, 2020. Shell Leads National Fuel Marking Efforts Feb 10, 2020 Pilipinas Shell conducted its fuel marking operations at its Northern Mindanao Import Facility (NMIF) in Cagayan de Oro city last November 2019 to support the government’s program on fuel marking. Additionally, we have executed a financing strategy which further strengthens our balance sheet and maintains our investment grade ratings, reinforcing the strong foundation of our business as we move into the future.”. The transaction also includes the transfer of the Shell owned and operated midstream infrastructure. The Check List is recognised by eight of the major aviation fuel suppliers - Agip, BP, ChevronTexaco, ExxonMobil, Kuwait Petroleum, Shell, Statoil and Total - as the basis of their international supply of virtually all civil aviation fuels National Fuel Gas Company said Monday it entered into a purchase and sale agreement with a subsidiary of Royal Dutch Shell PLC to acquire upstream and … WILLIAMSVILLE, N.Y., July 31, 2020 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after customary purchase price adjustments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. 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