GAIL looks to sell its stake in US shale business

GAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in oil and gas assets in the Eagle Ford shale basin. The assets comprise interests in 91 oil and gas wells and 13 identified proved undeveloped locations, covering 2,870 net acres in La Salle and Frio counties.