💰 GAIL Looks to Sell Its Stake in US
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
GAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in oil and gas assets in the Eagle Ford shale basin. The assets comprise interests in 91 oil and gas wells and 13 identified proved undeveloped locations, covering 2,870 net acres in La Salle and Frio counties.
Key points
- GAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in oil and gas assets in the Eagle Ford shale basin.
- The assets comprise interests in 91 oil and gas wells and 13 identified proved undeveloped locations, covering 2,870 net acres in La Salle and Frio counties.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #business
- #gail
- #looks