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Shell, Anadarko likely to let Texas joint venture lapse

Agreement expires this summer and re-parcelling of land would let each company drill and develop at own pace

London

ROYAL Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

The divorce and re-parcelling of acreage would...

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