Scandoil  

Statoil and Southwestern Energy complete transaction on non-operated Marcellus asset


Published Feb 4, 2015
Drilling rig in the Marcellus area
Drilling rig in the Marcellus area. (Photo: Helge Hansen)

Statoil and Southwestern Energy Company have completed their previously announced transaction, whereby Statoil has reduced its average working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%.

The transaction covers 515,000 acres in the southern part of the Marcellus. The divested share represents approximately 30,000 acres.

Statoil’s 2014 third quarter production from the Marcellus play amounted to 130,500 barrels of oil equivalent per day, of which approximately 4,000 barrels came from the assets included in the transaction.

Tags: Southwestern Energy Company, Statoil




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml