Advertisement
Advertisement

Repsol buys U.S. shale oil and gas assets from Rockdale Marcellus for $222 million

By:
Reuters
Published: Jan 5, 2022, 08:13 UTC

MADRID (Reuters) - Spain's Repsol has bought shale oil and gas assets from U.S. firm Rockdale Marcellus for $222 million, a company spokesperson said, confirming a report from Marketline.

A Repsol logo at a petrol station in Bormujos near Seville, southern Spain

MADRID (Reuters) – Spain’s Repsol has bought shale oil and gas assets from U.S. firm Rockdale Marcellus for $222 million, a company spokesperson said, confirming a report from Marketline.

Repsol will pay $220 million in cash and assume an additional $2 million in debt, he said. The assets were sold by Rockdale Marcellus as part of a Chapter 11 process.

The assets are located near an area in Pennsylvania where Repsol already operates a shale field.

(Reporting by Inti Landauro; editing by Jason Neely)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement