Statoil completes sale of Marcellus acreage

17 Sep 2016   Shale Gas

Norwegian energy company Statoil said it retained some of its shale acreage in the United States, but completed a sale Friday of assets in West Virginia. Statoil said it closed Friday on the $96 million sale of 11,500 acres in the Marcellus shale natural gas basin in West Virginia to Antero Resources Corp. The Norwegian company retains about 350,000 net acres of the Marcellus shale natural gas basin in Ohio. The sale from the Marcellus shale, initialized in August, is the third for Statoil in the past two years. In December 2014, the company sold some of its interest in Marcellus for $394 million after suspending some rig work to save capital. […]

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