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Statoil Completes Divestment of Marcellus Assets in West Virginia


Published Jul 11, 2016
Statoil Marcellus-2
photo: Statoil

On 8 July Statoil and EQT Corporation completed their previously announced transaction, whereby Statoil has sold its non-core operated assets in the US state of West Virginia to EQT Corporation.

The transaction covers approximately 62,500 net acres.

Equity production from the properties in Q1 2016 was c.9,300 boe per day.

Statoil retains its operated properties in the US state of Ohio and its non-operated Marcellus positions.

Tags: EQT Corporation, Statoil




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