Shale Energy Law Blog
First Quarter 2013 Shale Deals Reach $882 Million in Pennsylvania and $283 Million in Ohio
April 26, 2013
Three transactions involving Pennsylvania’s Marcellus Shale have reportedly totaled $882 million in the first quarter of 2013, the second-most for any formation in the country. Ohio’s Utica Shale formation was the subject of two deals worth $283 million, making it the third-most popular. PwC tracked energy deals worth more than $50 million and included acquisitions, investments or partnerships allowing companies to split the costs associated with oil and gas development. The first quarter results represent a significant drop for Marcellus Shale transactions from the first quarter of 2012, where three transactions were reportedly worth about $3 billion.