Statoil Completes Sale of Non-core US Onshore Assets

Source: www.gulfoilandgas.com 9/16/2016, Location: Europe

Statoil and Antero Resources Corporation (“Antero”) completed their previously announced transaction, whereby Statoil has sold some of its non-operated interests in the US state of West Virginia to Antero. The transaction covers approximately 11,500 net acres with an average working interest of approximately 19% across Wetzel, Tyler and Doddridge Counties.

In the Marcellus Statoil retains its operated properties in the US state of Ohio and its c. 350,000 net acre non-operated position.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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