Energy investment firm Kalnin Ventures LLC has cut another deal to acquire more nonoperated Marcellus Shale interests in Northeast Pennsylvania on behalf of its client Banpu pcl.

Kalnin said it signed a purchase and sale agreement valued at $16 million with affiliates of privately held investment developer Tug Hill Inc. for interests in wells operated by seven producers in Bradford, Sullivan, Susquehanna, Lycoming, Tioga and Wyoming counties.

The firm has been focused on expanding its footprint in the region with the goal of eventually monetizing the assets it acquires for international entities. It has made two other Marcellus purchases on behalf of Banpu, which is Thailand’s largest coal producer, over the last year.

Kalnin paid Range Resources Corp. $112 million early last year for nonoperated interests in about 11,000 acres in Northeast Pennsylvania. Kalnin in February said it paid Chief Oil & Gas LLC $63 million for a stake in the same region.

If the deal with Tug Hill closes, Kalnin would have interests in 215 active wells and production of 40 MMcf/d. Managing Director Christopher Kalnin said the company expects to announce more transactions this year.