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First Quarter 2013 Shale Deals Reach $882 Million in Pennsylvania and $283 Million in Ohio

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.