Shell Trading US to Retain Offtake Rights; Deal Includes Upside Payments and Royalty Interests
Shell Trading US will retain offtake rights from the assets, with the deal also including upside-linked payments through 2027 and overriding royalty interests. The transaction remains subject to BP's 30-day preferential right to purchase.
SHELBP
Shell Trading US has secured offtake rights from the assets in a deal that includes upside-linked payments through 2027 and overriding royalty interests.
The transaction is still subject to BP's 30-day preferential right to purchase.
Source: First Squawk