AEC to Divest Appalachian O&G Properties


Appalachian Basin
(Click to Enlarge)

The Anschutz Exploration Corporation (AEC) has entered into a definitive agreement to sell the Appalachian portion of its divestiture program to an undisclosed buyer.

The assets consist of currently producing oil and gas properties, as well as approximately 500,000 acres in Pennsylvania, Ohio and New York, which have exposure to the Marcellus, Utica and Trenton Black River exploration trends.

The sale is expected to close in late 2010.

Bank of America Merrill Lynch advised AEC on this transaction.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
 
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
 
Sourcing Commodity Leader - Aerospace
Expertise: Project Management|Supply Chain Management
Location: Irvine, CA
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours