Reliance Industries Ltd sells US shale gas asset for $250 million RIL has been divesting them over the past five years as the business has been adversely affected by falling crude prices Reliance Industries Ltd (RIL) has sold its stake in a shale gas asset in the US to Northern Oil and Gas Inc for $250 million. RIL, which was once bullish on shale gas, has been divesting these assets over the past five years as the business has been adversely affected by falling crude prices. “Reliance Marcellus LLC (RMLLC) a wholly owned subsidiary of RIL announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania,” RIL said in a regulatory filing today.