Shell mulls sale of assets in Vaca Muerta shale play, Reuters reports

Shell (SHEL) is weighing a sale of its assets in Argentina’s Vaca Muerta shale play and has reached out to potential suitors in recent weeks to gauge interest in the assets, Reuters’ Shariq Khan reports, citing three sources familiar with the matter. The oil major is open to selling some or all of its interests in the shale play, with the assets likely to be valued in the billions of dollars, the author says, noting that a precise estimate is difficult to calculate since some of the assets are underdeveloped and commodity prices are volatile.