The Marcellus Shale is the “best gas play” in the United States and at current price levels, “the only basin where dry gas should be drilled,” analysts with Tudor, Pickering, Holt & Co. (TPH) advised in a new report.
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PDC Mountaineer Pays $152M for Ohio Marcellus Acreage
PDC Mountaineer (PDCM), a joint venture of Petroleum Development Corp. and Lime Rock Partners V LP, will pay $152.5 million to National Grid plc for Seneca-Upshur LLC, including the rights to an estimated 90,000 net acres in the Marcellus Shale in north central West Virginia, the company said Monday. Closing is scheduled for Monday (Oct. 3), with an effective date of July 1, 2011.
SandRidge, Atinum to Partner in Mississippi Lime
SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.
SandRidge Forms $500M Mississippi Lime JV with Atinum
SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.
Range Touting Benefits from Barnett Shale Exit
It’s only been two and a half months, but Range Resources Corp. said its decision to leave the Barnett Shale is already paying off.
Petrohawk, EXCO Report ‘Monster’ Wells In Haynesville Shale
Petrohawk Energy Corp. and EXCO Resources Inc. separately on Tuesday reported ramping up two “monster” natural gas wells in the Haynesville Shale in northwestern Louisiana.