Royal Dutch Shell (ticker: RDS.A) is shifting around its U.S. onshore assets.

Yesterday, the company announced it will acquire 155,000 net acres in the Pennsylvania Marcellus and Utica from Ultra Petroleum (ticker: UPL). Ultra agreed to pay Shell $925 million for 100% of Shell’s Pinedale asset in Wyoming.

In separate agreement, Shell has agreed to sell 100% of its Haynesville asset in Louisiana for $1.2 billion to Vine Oil & Gas LP and Blackstone.

“We continue to restructure and focus our North America shale oil and gas portfolio to deli...

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