Reliance Industries' Subsidiary To Sell Marcellus Shale Assets

Reliance Industries (RIL) said on Thursday that its unit will sell its interest in upstream assets in the Marcellus shale play of south-western Pennsylvania in the United States to Northern Oil and Gas Inc for $250 million. "The assets, currently operated by various affiliates of EQT Corp, will be sold for the cash consideration and warrants, that will allow for the purchase of 3.25 million common shares of NOG at an exercise price o...