[Infostock Daily=Reporter Lee Ji-sun] SK Innovation announced on the 7th that it will sell its stake and facilities in shale oil wells located at North America as part of achieving its goal of decarbonization and managing ESG (environment, society and governance).
SK Innovation established a US subsidiary (SKE&P America) in 2014 to secure cheap shale gas in North America and has purchased and operated shale gas wells in Oklahoma and Texas.
SK innovation will sell all assets and shares held by SK Plymouth SK Nemaha, a subsidiary of the U.S. subsidiary.
The buyer is Benchmark Energy of the United States. Two companies singed the sale contractin January, and the sale process is expected to be completed this month.
Reporter Lee Ji-sun stockmk2020@gmail.com
