In a massive merger, Shell buys BG Group for $70 billion.  BG is  London based utility.

http://www.cnbc.com/id/102568626

The big question for most of us is how will this affect the proposed Monaca cracker plant? Do they have the cash to build it now?  I did hear yesterday that Shell applied for the required EPA emissions permits so they are still progressing on the plant.

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Don't know where there drilling or under what name.( BG ) is British Gas that's all I know for now. It looks like Shell found a way to sell and delivery LNG. to New England they bought the company that was doing it.

BG partnered with Exco resources and all of their production would have been with Exco in the Marcellus and Haynesville

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