Statoil has acquired close to 70,000 operated net acres in the liquid rich part of the central Marcellus area.
“The US unconventional plays hold a substantial resource base and represent an increasingly important part of future energy supplies,” said Statoil US onshore senior vice president, Torstein Hole. “Statoil is further strengthening its US onshore portfolio by acquiring additional acreage in the valuable liquid rich parts of the Marcellus shale in Ohio and West Virginia.”
In 2010 Statoil acquired acreage in the liquid-rich Eagle Ford Shale in Texas and in 2011 the company took over ownership and operatorship for leases in the Bakken and Three Forks formations in North Dakota and Montana through the acquisition of Brigham Exploration.
In 2013, Statoil will become operator for 50 per cent of the Eagle Ford acreage, as per the 2010 agreement with Talisman Energy Inc.
In 2013, Statoil will become operator for 50 per cent of the Eagle Ford acreage, as per the 2010 agreement with Talisman Energy Inc.
“Statoil was an early entrant into shale and has over time built a diversified portfolio in some of the most attractive oil, gas and liquid-rich areas,” said Hole. “We are already operator in Bakken, we are on schedule to become operator in Eagle Ford next year and with this transaction Statoil will become operator also in Marcellus. We will then be operator in all of our significant US shale plays.”