March 27, 2018 / 11:31 AM / in 5 months

BRIEF-Reliance Industries To Sell Select Assets In Eagle Ford Shale Play In U.S.​

March 27 (Reuters) - Reliance Industries Ltd:

* ‍ANNOUNCES SALE OF SELECT ASSETS IN EAGLE FORD SHALE PLAY IN USA​

* SAYS TRANSACTION IN CONJUNCTION WITH SALES MADE BY PIONEER NATURAL RESOURCES USA INC AND NEWPEK LLC

* RELIANCE EAGLEFORD UPSTREAM HOLDING, CO SIGNED PURCHASE, SALE DEAL WITH SUNDANCE ENERGY WORTH ABOUT $100 MLN

* SALE IS EXPECTED TO CLOSE IN 1QFY19 ‍​

* TO DIVEST INTEREST IN CERTAIN ACREAGE, PRODUCING WELLS AND RELATED ASSETS IN WESTERN PORTION OF ITS EAGLE FORD SHALE POSITION​ Source text: bit.ly/2I63jjA Further company coverage:

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