Shell divests Gulf of Mexico assets for $425M


By Spencer Myers
Editor

HOUSTON, Texas – Royal Dutch Shell recently announced that they will sell 100 percent of its record title interest in Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Gilder assets, to EnVen Energy Corporation. Shell will receive $425 million in cash for the transaction.

The transaction is expected to close in October.

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