11 May 2024
Statoil to sell more acreage in US Marcellus shale play
Publication date: 02 August 2016
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Statoil has continued to shed a further 11,500 acres in the prolific Marcellus shale play to US shale player Antero Resources in a deal scheduled to close in the next two months.
The West Virginia acreage to be sold is currently operated by US producer Southwestern Energy. The USD 96 million transaction represents the third disposal in the Marcellus shale by the Norwegian state-affiliated major since 2014.