Statoil completes sale of non-core U.S. onshore assets

Source: Statoil

Statoil and Antero Resources Corporation completed their previously announced transaction, whereby Statoil has sold some of its non-operated oil & gas interests in the U.S. to Antero.

On September 15, Statoil and Antero Resources Corporation ("Antero") completed their previously announced transaction, whereby Statoil has sold some of its non-operated oil & gas interests in the U.S. 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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