4 Energy Stock Stories to Spark Investment Chatter
Royal Dutch Shell (NYSE:RDSA): Closing price $65.68
Following a disappointing performance by its exploratory wells, which did not indicate sufficient potential to keep the energy major around, Shell is withdrawing from Kansas. According to The Wichita Eagle, the announcement is one more in a series of exits by major exploration firms that are abandoning the Kansas side of the Mississippian Lime foundation. Shell’s Scott Scheffler said that his company, which is selling off its 45 producing wells and 600,000 acres in nine Kansas counties, ceased drilling in July.