WILLISTON, Aug 18 (Reuters) – A subsidiary of real estate
developer The Prime Group Inc said on Monday it plans to build a
$150 million convention center in Williston, North Dakota,
aiming to supply a world-class meeting space for the
fast-growing oil boom community.
The 16-story complex, which wouldn’t open until 2016 at the
earliest and still needs funding and approval from city
officials, would have more than 600,000 square feet of space,
including indoor and outdoor exhibition areas, a Ruth’s Chris
Steak House, retail shops, office space, underground parking and
a 300-room hotel.
LONDON/FARGO, North Dakota, Aug 14 (Reuters) – Royal Dutch
Shell on Thursday announced the sale of two onshore
U.S. shale gas assets in exchange for $2.1 billion and acreage
in different gas-rich areas as the energy company restructures
its North America business and reins in costs.
Shell agreed to sell to Ultra Petroleum its
relatively mature natural gas-producing properties in Wyoming’s
Pinedale field, a total of 155,000 acres, in a step which will
mark its complete exit from one of its first U.S. shale
investments in 2001.