Reliance unit to sell Marcellus shale asset to Northern Oil and Gas for $250m

Reliance unit to sell Marcellus shale asset to Northern Oil and Gas for $250m

REUTERS/Amit Dave

Reliance Marcellus, LLC, a wholly-owned subsidiary of Reliance Industries Limited (RIL), will divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania, the company said on Thursday.