Global law firm Norton Rose Fulbright assisted Shell Enterprises LLC (Shell), a subsidiary of Royal Dutch Shell plc, in connection with an agreement to sell its Permian business to ConocoPhillips for US$9.5 billion in cash. The transaction will transfer all of Shell's interest in the Permian to ConocoPhillips, subject to regulatory approvals.
Norton Rose Fulbright's core deal team was led by John Mauel (Houston) and Jessica Rodriguez (Houston), substantially assisted by Constanza Recchini (Houston), and also included Steven Suzzan (New York) and Alexander Bohn (Houston). Bob Bruner (Houston) provided advice regarding reorganization matters, Amanda Wait (Washington, DC) and Andy Eklund (Washington DC) provided guidance regarding antitrust clearance, and Eddie Lewis (Houston) advised on environmental matters.
Shell's US portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, gasoline, lubricants and other refined products along with renewables, including wind, solar and mobility options like electric vehicle charging and hydrogen. In the US, Shell is also investing in an integrated power business that will provide electricity to millions of homes and businesses.