Statoil sold 6% of its working interest in the southern Marcellus Shale in a USD 394 million transaction with Southwestern Energy, divesting itself of approximately 30,000 acres and reducing its working interest from 29% to 23%. The acreage produced 4,000 BOPD for Statoil during the third quarter of last year.


Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.