Growing national network. Additional information about National Fuel is available at www.nationalfuel.com. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Additional information about National Fuel is available. Each forward-looking statement speaks only as of the date of this press release, April 30, 2020. What is Shell's Net Carbon Footprint ambition? National Fuel Gas Company (NFG) announced that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc, to acquire Shell’s upstream and midstream gathering assets in Pennsylvania for total consideration of approximately USD 541 million, less closing adjustments that are estimated to reduce the consideration provided at closing to … Shell Fuel Card is the ideal partner for any international business, offering tools and services to reduce your operating costs and ease fleet management. “The closing of the largest acquisition in our 118-year history marks an exciting time for the Company, and leaves us well-positioned for the long-term, said David P. Bauer, the Company’s President and Chief Executive Officer. National or international acceptance With our national and international cards you can choose where your drivers can use their Shell Fuel Card. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. National Fuel is paying a price that is the equivalent of about $1,250 per net acre. In this press release “Shell”, “Shell Group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. --National Fuel Gas Company announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from … National Fuel is paying a price that is the equivalent of about $1,250 per net acre. Royal Dutch Shell PLC, through its affiliate SWEPI LP, has agreed to sell its Appalachia shale gas position to National Fuel Gas Co. and its subsidiaries for $541 million. When you apply for your card, you can decide whether you want to refuel exclusively National Fuel (NYSE: NFG) can either pay in cash or up to $150 million of the purchase price in common stock at a $38.97 share value; National Fuel closed Monday at $38.93 a share. Shell's upstream director, Wael Sawan, said the major will continue to focus its shale strategy around tight oil, and divesting the Appalachian position is consistent with that plan. The current net production is ~250 million standard cubic feet per day. HOUSTON, May 4, 2020 /CNW/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together "National Fuel"), to sell its Appalachia shale gas … National Fuel Gas (NYSE:NFG) agrees to acquire Royal Dutch Shell's (RDS.A, RDS.B) integrated upstream and midstream assets in Pennsylvania for $541M. In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: the Company’s ability to successfully integrate acquired assets, including Shell’s upstream and midstream gathering assets in Pennsylvania, and achieve expected cost synergies; impairments under the SEC’s full cost ceiling test for natural gas and oil reserves; changes in the price of natural gas or oil; the length and severity of the COVID-19 pandemic, including its impacts across our businesses on demand, operations, global supply chains and liquidity; changes in economic conditions, including global, national or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services; the creditworthiness or performance of the Company’s key suppliers, customers and counterparties; financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures and other investments, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions; changes in laws, regulations or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing; delays or changes in costs or plans with respect to Company projects or related projects of other companies, including disruptions due to COVID-19, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators; the Company’s ability to complete planned strategic transactions; governmental/regulatory actions, initiatives and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design and retained natural gas), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal; changes in price differentials between similar quantities of natural gas or oil sold at different geographic locations, and the effect of such changes on commodity production, revenues and demand for pipeline transportation capacity to or from such locations; the impact of information technology disruptions, cybersecurity or data security breaches; factors affecting the Company’s ability to successfully identify, drill for and produce economically viable natural gas and oil reserves, including among others geology, lease availability, title disputes, weather conditions, shortages, delays or unavailability of equipment and services required in drilling operations, insufficient gathering, processing and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; other changes in price differentials between similar quantities of natural gas or oil having different quality, heating value, hydrocarbon mix or delivery date; the cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company; uncertainty of oil and gas reserve estimates; significant differences between the Company’s projected and actual production levels for natural gas or oil; changes in demographic patterns and weather conditions; changes in the availability, price or accounting treatment of derivative financial instruments; changes in laws, actuarial assumptions, the interest rate environment and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities or acts of war; significant differences between the Company’s projected and actual capital expenditures and operating expenses; increasing costs of insurance, changes in coverage and the ability to obtain insurance. 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