Southwestern Energy to Acquire 413,000 Acres in West Virginia and Pennsylvania from Chesapeake Energy

Southwestern Energy Co. announced that it has signed a deal to acquire 413,000 net acres in West Virginia and Pennsylvania from Chesapeake Energy Corp. for $5.375 billion, reports the Pittsburgh Business Times.  This acquisition includes 256 producing(…)

Rice Energy to Acquire Wells and Acreage in Greene County

The Pittsburgh Business Times reports that Rice Energy Inc. is acquiring 12 wells and 22,000 net acres in Greene County, Pennsylvania from Chesapeake Energy Inc.  Seven of the wells are currently producing and the five other wells are being developed,(…)

Warren Resources to Acquire Marcellus Assets

Warren Resources has executed a purchase and sale agreement to acquire Marcellus shale assets from Citrus Energy Corporation and two other working interest owners, reports Shale Energy Insider.  The acquired assets, located in Wyoming County, Pennsylv(…)

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 mill(…)

EQT to Sell Equitable Subsidiary to Peoples

EQT Corporation announced today that it will sell its distribution subsidiary Equitable Gas Company, LLC, to Peoples Natural Gas for $720 million, subject to adjustment.  EQT CEO David Porges said in a company press release that the sale will allow EQ(…)

Statoil ASA Acquires Additional Acreage in Marcellus Shale States

Stat Oil ASA, Norway’s largest oil and gas producer, has acquired approximately 70,000 acres of shale gas acreage in Marcellus states, including West Virginia, Pennsylvania and Ohio, for $590 million according to Fox Business News. With the finalizati(…)