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Statoil completes sale of non-core US onshore assets

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Oilfield Technology,

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

Adapted from a press release by Louise Mulhall

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