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  1. Marcellus shale sees massive resurgence in M&A activity

    Mark Young , Evaluate Energy There was nearly eight times more invested in asset and corporate acquisitions in the Marcellus shale in 2016 than 2015, according to new analysis in Evaluate Energy’s global M&A review for 2016. Marcellus assets changed hands for a total of US$7.25 billion in 2016 – a massive increase on US$920 million in 2015. When an increase in M&A activity of this size occurs so quickly, the usual reason is that there were one or two deals with extremely high values skewing the figures. Here, however, this is not the case according to Evaluate Energy data. Not only were Marcellus shale deal values up in 2016, but the 13 “large” deals with a value of over $100 million was in fact the highest number of large deals seen in the play since its first real M&A boom in 2010. This is indicative of a real, widespread increase in Marcellus M&A activity over the past 12 months. Source: Evaluate Energy Global Upstream M&A Review 2016 The Marcellus has a core group of significant players, which includes some of the United States’ biggest natural gas producers. Some of these companies – including EQT Corp. (NYSE:EQT) and Antero Resources Corp (NYSE:AR) – were keen this year to take advantage of other companies deciding that their respective Marcellus positions were in fact now non-core assets. A handful of major international players were among the selling parties; Anadarko Petroleum Corp. (NYSE:APC), Statoil ASA (Oslo:STL) and Japan’s Mitsui & Co Ltd. all agreed a sale of Marcellus acreage for over $100 million. About the author Mark Young is a senior oil and gas analyst at Evaluate Energy.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  2. Natural Gas Pipeline: Environmentalists oppose permits for Pennsylvania pipeline

    Environmental advocacy groups are trying to halt construction of a $2.5 billion natural gas liquids pipeline across southern Pennsylvania while they appeal newly issued permits that they say would unleash massive and irreparable damage to the state's environment and residents.

    Online Articles

    Online Articles

    Thu, 16 Feb 2017

  3. Natural Gas Pipeline: Sunoco Logistics says permits clear way to build pipeline

    The company planning to build a 306-mile pipeline to move propane and other natural gas liquids across southern Pennsylvania says it can begin construction.

    Online Articles

    Online Articles

    Wed, 15 Feb 2017

  4. Anadarko sells Marcellus shale natural gas assets

    Anadarko has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Development for approximately $1.24 billion.

    Online Articles

    Online Articles

    Fri, 23 Dec 2016

  1. Anadarko to sell Marcellus Shale natural gas assets

    Online Articles

    Online Articles

    Wed, 21 Dec 2016

  2. Anadarko to sell Marcellus assets to Alta Resources for $1.24 billion

    Anadarko Petroleum Corp., Houston, has agreed to sell its operated and nonoperated upstream assets and operated midstream assets in the Marcellus shale of north-central Pennsylvania to Alta Marcellus Development LLC, a wholly owned subsidiary of Houston-based Alta Resources Development LLC, for ...

    Online Articles

    Online Articles

    Wed, 21 Dec 2016

  3. Noble Energy pays $205M to exit Marcellus JV with CONSOL

    CONSOL Energy Inc. and Noble Energy have agreed to separate their Marcellus Shale 50-50 Joint Venture.  

    Online Articles

    Online Articles

    Mon, 31 Oct 2016

  4. Noble, Consol to split Marcellus JV

    Consol Energy Inc., Pittsburgh, and Noble Energy Inc., Houston, have agreed to separate their 50-50 joint venture formed in 2011 for the exploration, development, and operation primarily of Marcellus shale properties in Pennsylvania and West Virginia.

    Online Articles

    Online Articles

    Mon, 31 Oct 2016

  5. Antero Resources to acquire 55,000 net acres in the core of the Marcellus Shale

    Antero Resources Corporation announced that it has signed a definitive agreement with a third party to acquire approximately 55,000 net acres in the core of the Marcellus Shale for $450 million.

    Online Articles

    Online Articles

    Fri, 10 Jun 2016

  6. EQT to acquire Statoil-operated Marcellus acreage for $407 million

    EQT Corp., Pittsburgh, has agreed to acquire 62,500 net acres and current production of 50 MMcfd of natural gas equivalent in the Marcellus shale from Statoil USA Onshore Properties Inc. for $407 million. The deal is expected to close on or about July 8.

    Online Articles

    Online Articles

    Mon, 2 May 2016

  7. Antero to buy Marcellus nonoperated interest from Statoil

    Antero Resources Corp., Denver, has agreed to acquire certain nonoperated interest in the Marcellus shale in West Virginia from Statoil ASA for $96 million in cash. The deal is expected to close by the end of the third quarter.

    Online Articles

    Online Articles

    Mon, 1 Aug 2016

  8. Antero to acquire Marcellus Shale acreage from Southwestern

    Antero Resources Corp. has agreed to acquire approximately 55,000 net acres of undeveloped Marcellus Shale leasehold, including deep rights on approximately 41,000 net acres prospective for the underlying dry Utica, and 14 MMcfe/d of net production for $450 million from Southwestern Energy.

    Online Articles

    Online Articles

    Fri, 10 Jun 2016

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