[Owen]

The ones that matter.

http://powersource.post-gazette.com/business/2014/03/14/Shell-to-restructure-shale-assets-in-U-S/stories/201403140072

“”Some of our exploration bets have simply not worked out,” Shell’s CEO said.”

Scarcity. Embrace it.

[thackney]

Your link says they keeping 70% of the spending and staffing in the three plays discussed.

Trimming off the lower paying areas while keeping the better is hardly the same as leaving the shale.