Noble and Consol Energy end JV deal for Marcellus Shale operations
Noble Energy and Consol Energy have entered into an agreement to separate their Marcellus Shale Joint Venture.
Marcellus
Statoil sells-off Marcellus assets for $400m
Statoil has completed the sale of its Marcellus assets in West Virginia.
Refiner Marathon buys MarkWest for $15.8billion
The pipeline unit of refiner Marathon Petroleum Corp. plans to buy MarkWest Energy Partners LP, the second-largest U.S. processor of natural gas, for about $15.8 billion in stock and cash. The transaction represents a major expansion into pipelines and processing for Marathon, which created its pipeline unit MPLX LP in 2012, the year after it was spun out of producer Marathon Oil Corp. The refiner has more than doubled in value since then as processors reap the rewards from low crude prices brought on by the shale revolution.
Trans Energy sells of Marcellus assets in $71.3million deal
Trans Energy has sold off Marcellus assets in West Virginia for $71.3million. The deal include 5,159 net acres and 12 producing Marcellus wells. President of Trans Energy, John Corp, said the move signaled the hard work and strategy the company had but in, in the region.
Statoil agrees $394million Marcellus formation deal
Statoil has reduced its working interest in the US southern Marcellus onshore asset from 29 to 23% in a $394million deal with Southwestern Energy. The deal covers 515,000 acres in the southern part of the Marcellus, with the divested share representing 30,000 acres. The Norwegian company’s third quarter production from the Marcellus play amounted to 130,500 barrels of oil equivalent per day.
Applus opens hub close to Marcellus shale formation
Technology services company Applus RTD has opened a new office in Pennsylvania driven by its operations surrounding the Marcellus Shale formation. The new offices, based in Pennsylvania, are part of the company’s strategic growth plan following demand for its non-destructive (NDT) services in the area.