Repsol SA is bolting on acreage in the Marcellus Shale after successfully bidding for 43,000 net acres in Northeast Pennsylvania in a bankruptcy auction.


The Spanish energy company has agreed to pay $222 million, including $2 million in debt, for Rockdale Marcellus LLC’s assets in Tioga, Lycoming and Bradford counties, according to court documents. The sale has been approved by the U.S. Bankruptcy Court for the Western District of Pennsylvania. 

Rockdale, which was formed through the acquisition of Shell plc’s Marcellus properties in northern Pennsylvania in 2017, filed for bankruptcy protection in September. Repsol has also reached a deal with UGI Energy Services LLC for gathering services on the properties, resolving a legal dispute between Rockdale and UGI.

The 48,000...