Shell's subsidiary to acquire Enspire Energy's assets
The agreement is expected to be finalized in the early portion of the first quarter of 2009, providing the completion of certain contractual requirements and the receipt of necessary regulatory approvals. Mark Quartermain, president of Shell Energy North America, said: "We are pleased to finalize this agreement with Enspire Energy. We look forward to further increasing Shell Energy's scale, resources and market knowledge with the expertise, resources and experience added through the acquisition of Enspire Energy." Jim Lukas, president and CEO of Enspire, said: "Enspire's regional expertise combined with Shell's assets and financial strength will help us provide an increased array of products while maintaining the superior service to which our customers are accustomed."