Included in the assets are: Included in the assets are: *710 billion cubic feet (BCF) of developed producing reserves with net production of 215-230 million cubic feet per day (MMCF/D); National Fuel Gas Company announced that it has entered into a purchase and sale agreement to acquire Shell’s upstream and midstream gathering assets in Pennsylvania for total consideration of approximately $541 The transaction has an effective date of January 1, 2020. Shell understands your fuel-pricing concerns, so here’s a breakdown of the key elements that determine the price at the pump. Industrial Lubricants and Oils for Business, New Energies: building a lower-carbon power business, Sustainability reporting and performance data, Shell Rimula Truck & Heavy-duty Engine Oils, More and cleaner energy solutions for your business, Our home energy offer for households in Great Britain, Purchase order general terms and conditions, Shell invoicing channels and invoice requirements, Electronic signature data privacy statement, Health, Security, Safety and the Environment, Subscribe to Shell Catalysts & Technologies, View Industrial Lubricants and Oils for Business, Flightpath: exploring the future of aviation, The benefits of chemicals in everyday life, Shell FuelSave Diesel and Shell Diesel Extra, Shell Fuel Oil Plus and Shell Fuel Oil Extra, Shell Electronic Vendor Managed Inventory, HSSE & Social Performance Commitment and Policy. The current net production is ~250 million standard cubic feet per day. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date thereof. Royal Dutch Shell plc, through its affiliate SWEPI LP (“Shell”), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject to … National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary of Royal Dutch Shell … On May 4, 2020, National Fuel Gas announced that it was buying Shell’s (NYSE:RDS.B) Appalachian assets for approximately $500 million. Royal Dutch Shell PLC subsidiary SWEPI LP will sell its Appalachian shale gas upstream and gathering assets in Pennsylvania to National Fuel Gas Co. for $541 million, the companies announced May 4. These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. What is Shell's Net Carbon Footprint ambition? National Fuel (NYSE: NFG) can either pay in cash or up to $150 million of the purchase price in common stock at a $38.97 share value; National Fuel closed Monday at $38.93 a share. Growing national network. HOUSTON, May 4, 2020 /PRNewswire/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel … Other National Civil Jet Fuel Specifications Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), to acquire Shell’s upstream and midstream gathering assets in Pennsylvania for total consideration of approximately $541 million, less closing adjustments that are estimated to reduce the … There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. The deal includes about 350 producing Marcellus and Utica wells across about 450,000 net leasehold acres and is scheduled to close by the end of July. Find the right card Whether you’re a multinational company operating across borders, or an independent local business, you’ll find a fleet fuel card that fits your needs perfectly. National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Readers should not place undue reliance on forward-looking statements. National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Shell’s Appalachia operations are located in the predominately rural northern and western portions of Pennsylvania, where the company drills and produces dry gas from the Marcellus and Utica formations. Shell Divests Shale Gas Appalachia Assets to National Fuel. Mr. Bauer added, “With the integration of these high-quality, contiguous assets in one of the most prolific areas of Appalachia into our existing operations, we expect to generate meaningful free cash flow in our upstream and midstream businesses. National Fuel CEO David Bauer said in a conference call with analysts Tuesday that the Shell acquisition was a perfect fit for the company. National Fuel plans to provide preliminary fiscal 2021 guidance in connection with its third quarter earnings release on August 6, 2020. WILLIAMSVILLE, N.Y., July 31, 2020 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after customary purchase price adjustments. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. --National Fuel Gas Company announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from … Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. We aim to keep your business on the move; you can always find us, especially if you use our Fuel Finder online, or download our app. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Each forward-looking statement speaks only as of the date of this press release, April 30, 2020. In 1957 the National Benzole Co. became wholly owned by Shell-Mex and B.P. The sale is subject to regulatory approvals and expected to close by end of July 2020. The Check List is recognised by eight of the major aviation fuel suppliers - Agip, BP, ChevronTexaco, ExxonMobil, Kuwait Petroleum, Shell, Statoil and Total - as the basis of their international supply of virtually all civil aviation fuels We see that our customers are never far from a Shell fuel station. “The closing of the largest acquisition in our 118-year history marks an exciting time for the Company, and leaves us well-positioned for the long-term, said David P. Bauer, the Company’s President and Chief Executive Officer. However, the Company expects this acquisition to be highly accretive to its earnings per share in fiscal 2021, driven by significant acquired flowing production and related gathering throughput, further unit cost reductions, and its strong hedge position. National Fuel Completes Acquisition of Shell’s Integrated Upstream and Midstream Assets in Pennsylvania WILLIAMSVILLE, N.Y., July 31, 2020 (GLOBE NEWSWIRE) -- National Fuel … Shell’s Appalachia operations are located in the predominately rural northern and western portions of Pennsylvania, where the company drills and produces dry gas from the Marcellus and Utica formations. The transaction includes the transfer of ~450,000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities. Shell's upstream director, Wael Sawan, said the major will continue to focus its shale strategy around tight oil, and divesting the Appalachian position is consistent with that plan. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. The Company’s expectations, beliefs and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs or projections will result or be achieved or accomplished. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. Royal Dutch Shell paid a price that was more than four times higher – $5,380 per net acre. Additional information about National Fuel is available. National Fuel can pay all cash or include up to $150 million of its common stock at an adjusted price of $38.97 per share. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. From an Article of the Energy Industry Review, May 12, 2020. The consideration is intended to be paid in cash, but National Fuel has the option to provide up to USD 150 million of NFG common stock as consideration. Find out how to contact our Media Relations team across the world. National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after customary purchase price adjustments. National Fuel Gas Company Names Ronald C. Kraemer Chief Operating Officer December 15, 2020 John R. Pustulka to Retire March 1, 2021, After 47 Years with the Company Today, National Fuel … All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Financial News National Fuel Gas Company ... | December 2, 2020 FISCAL 2020 GUIDANCE UPDATE The Company is updating its fiscal 2020 production guidance to a range of 245-255 Bcfe, and its Gathering segment revenue guidance to a range of $140-$150 million, both to reflect the expected incremental production from the Shell acquisition during a portion of the fourth fiscal quarter. National or international acceptance With our national and international cards you can choose where your drivers can use their Shell Fuel Card. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. ET … In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. The transaction is part of divesting non-core assets and in line with Shell’s Shales strategy which focusses on development of … HOUSTON, May 4, 2020 /PRNewswire/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel … In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: the Company’s ability to successfully integrate acquired assets, including Shell’s upstream and midstream gathering assets in Pennsylvania, and achieve expected cost synergies; impairments under the SEC’s full cost ceiling test for natural gas and oil reserves; changes in the price of natural gas or oil; the length and severity of the COVID-19 pandemic, including its impacts across our businesses on demand, operations, global supply chains and liquidity; changes in economic conditions, including global, national or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services; the creditworthiness or performance of the Company’s key suppliers, customers and counterparties; financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures and other investments, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions; changes in laws, regulations or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing; delays or changes in costs or plans with respect to Company projects or related projects of other companies, including disruptions due to COVID-19, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators; the Company’s ability to complete planned strategic transactions; governmental/regulatory actions, initiatives and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design and retained natural gas), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal; changes in price differentials between similar quantities of natural gas or oil sold at different geographic locations, and the effect of such changes on commodity production, revenues and demand for pipeline transportation capacity to or from such locations; the impact of  information technology disruptions, cybersecurity or data security breaches; factors affecting the Company’s ability to successfully identify, drill for and produce economically viable natural gas and oil reserves, including among others geology, lease availability, title disputes, weather conditions, shortages, delays or unavailability of equipment and services required in drilling operations, insufficient gathering, processing and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; other changes in price differentials between similar quantities of natural gas or oil having different quality, heating value, hydrocarbon mix or delivery date; the cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company; uncertainty of oil and gas reserve estimates; significant differences between the Company’s projected and actual production levels for natural gas or oil; changes in demographic patterns and weather conditions; changes in the availability, price or accounting treatment of derivative financial instruments; changes in laws, actuarial assumptions, the interest rate environment and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities or acts of war; significant differences between the Company’s projected and actual capital expenditures and operating expenses; increasing costs of insurance, changes in coverage and the ability to obtain insurance. The transaction is part of divesting non-core assets and in line with Shell Shell’s ambition to be a net-zero emissions energy business, Cutting carbon together, sector by sector, Natural Gas: providing more and cleaner energy, Putting Safety First in Shale Oil and Gas, Leveraging Technology in Shale Oil and Gas, Social and Environmental Responsibility in Shales, Chief Technology Officer and Chief Scientists, The role of technology in the energy transition, Another step towards a global electricity business, View New Energies: building a lower-carbon power business, Explore Shell’s Global Energy Resources database, Share your idea and transform the energy industry, Boosting local economies through entrepreneurship, Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Preventing the facilitation of tax evasion, View Sustainability reporting and performance data, Voluntary reporting standards and ESG ratings, Investing in access to energy for communities, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, Find a Job in the Shell Graduate Programme, Shell sells U.S. Appalachia assets to National Fuel, The transaction is intended to be paid fully in cash but alternatively National Fuel will pay up to $150 million of the purchase price in NFG common stock at an adjusted price of $38.97 per share, with the balance paid in cash, If the transaction is not paid fully in cash, there will be two contingent payments of up to $15mln for each of the years 2021 and 2022 depending on certain market conditions, in which the payment will be pro-rata reduced if National Fuel elects for less share compensation at close, Shell’s Appalachia operations are located in the predominately rural northern and western portions of Pennsylvania, where we drill and produce dry gas from the Marcellus and Utica formations, Shell remains committed to Pennsylvania, for example through our Pennsylvania Petrochemicals Complex which brings new growth and jobs to the region, with up to 6,000 construction workers involved in building the new facility and an expected 600 permanent employees when completed, Shell continues to have attractive opportunities in its Shales portfolio both inside and outside the United States, which we operate with a focus on driving down costs while increasing efficiency in all areas of our business.