On march 29, 2010, the Norwegian based Statoil ASA reported that it had acquired an additional 59,000 acres in the Marcellus shale gas area of Pennsylvania. The acreage was bought from U.S. based Chesapeake Energy Corporation and the total deal cost was approximately $253 million at $4,325 per acre.
Statoil had already bought the rights to approximately 600,000 net acres from Chesapeake back in 2008. This recent acquisition of Marcellus shale leases makes Statoil one of the largest players within Pennsylvania. According to the Marcellus Shale Blog, this recent acquisition brings Statoil’s stake to 42% of the Marcellus shale formation.
How the partnership between these two companies will play out for Marcellus shale landowners and/or Marcellus shale royalty owners remains to be seen.
Nationwide Royalties, LLC is very interested in buying Marcellus shale royalties. If you are interested in selling your Marcellus shale royalty interest, please contact us for a free bid request.
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If you are interested in selling your oil and gas royalty, lease or overriding royalty interest, you can submit your bid request directly through our website. You have no obligation to accept our bid, so there is no risk involved in finding out what your oil and gas royalties are worth.
Alternatively, you can call and speak with us directly by dialing (214) 453-3524.
Our Guarantee: Please remember, we believe in making every transaction personal, professional and confidential. We will never disclose our clients personal information and will treat any information provided to us by telephone or through our website confidentially. Submitting information to us does not obligate you to sell your oil and gas royalty.
