Shell Energy Closes on Acquisition of Integrys Energy Services' Canadian
Natural Gas and Power Customer Contract Portfolio


    



    
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<p><location>HOUSTON</location>, <chron>Sept. 21</chron> /CNW/ -- Shell Energy <location>North America</location> (<location>Canada</location>) Inc., a subsidiary of Shell Energy <location>North America</location> (US), L.P. (Shell Energy), today announced it closed on its acquisition of the Canadian natural gas and power customer contract portfolio of Integrys Energy Services of <location>Canada</location> Corp., a wholly owned subsidiary of Integrys Energy Services, Inc.</p>
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<p>Effective <chron>October 1, 2009</chron>, these customer contracts will be integrated into Shell Energy's existing natural gas and power portfolio.</p>
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<p>"We're very pleased to have closed this deal and strengthened Shell Energy's presence in these key Canadian markets.  The additional scale this acquisition provides will allow us to continue to expand our portfolio creating new efficiencies and synergies for all of our customers.  We look forward to helping our customers solve their energy and environmental challenges and we are committed to growing our business in these markets," said Mark Quartermain, Shell Energy president.</p>
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<p>Houston-based Shell Energy, a wholly owned subsidiary of Royal <person>Dutch Shell</person> plc (Shell), serves its customers through its regional offices, which are located throughout the <location>United States</location> and <location>Canada</location>.  Shell Energy is an integral part of the Shell Trading network of companies and is the primary marketer of Shell's equity natural gas in <location>North America</location>.  As a leader in gas and power marketing, Shell Energy and its subsidiaries, trade and market natural gas, wholesale power, environmental products and risk management products with counterparties and customers throughout the region.  As a part of Shell, it leverages Shell's resources, global reach, employee expertise and financial strength to offer integrated, comprehensive energy solutions tailored to meet the needs of its wide variety of customers including large commercial and industrial users, local gas distribution companies, electric utilities, independent power producers, retail energy aggregators and oil and gas companies.  More information about Shell Energy is available at <a href="http://www.shell.com/us/energy">www.shell.com/us/energy</a>.</p>
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<p>Shell is one of North America's leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers.  Operating in <location>Canada</location> since 1911, Shell <location>Canada</location> Limited is one of the largest integrated petroleum companies in the country in which it produces natural gas, natural gas liquids and bitumen, and is Canada's largest producer of sulphur.  In the <location>United States</location>, Shell Oil Company is one of the leading oil and gas producers in the deepwater Gulf of <location>Mexico</location>, and is a recognized pioneer in oil and gas exploration and production technology.</p>
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<p>Royal <person>Dutch Shell</person> plc is incorporated in England and Wales, has its headquarters in <location>The Hague</location> and is listed on the <location>London</location>, <location>Amsterdam</location>, and New York stock exchanges.  Shell companies have operations in more than 100 countries with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects, including wind and solar power.</p>
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    Disclaimer statement
    
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<p>This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal <person>Dutch Shell</person>. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal <person>Dutch Shell</person> to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''intend'', ''may'', ''plan'', ''objectives'', ''outlook'', ''probably'', ''project'', ''will'', ''seek'', ''target'', ''risks'', ''goals'', ''should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal <person>Dutch Shell</person> and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date on the news release. Neither Royal <person>Dutch Shell</person> nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.</p>
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<p>The <location>United States</location> Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions.  We use certain terms in this presentation, such as "oil in place" that the SEC's guidelines strictly prohibit us from including in filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC Web site <a href="http://www.sec.gov">www.sec.gov</a> . You can also obtain these forms from the SEC by calling 1-800-SEC-0330.</p>
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For further information: For further information: Shell Oil Company, Shell Media Line, +1-713-241-4544 Web Site: http://www.shell.com/us/energy

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