Reliance Eagleford Upstream Holding LP, a subsidiary of both Reliance Holding USA, Inc., and Reliance Industries (RIL), has signed a purchase and sale agreement with Sundance Energy Inc. to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for approximate consideration of $100 million. The sale is expected to close in Q1 FY19 and is subject to customary closing conditions.
RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
