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Acquisition

Reliance sells Pennsylvania shale assets for $250 million

Reliance Marcellus, LLC (RMLLC), a wholly owned subsidiary of Reliance Industries Limited (RIL), announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania.  These assets, which are currently operated by various affiliates of EQT Corporation (EQT), have been agreed to be sold […]