Repsol buys U.S. shale oil and gas assets from Rockdale Marcellus for $222 million
Reuters
Published Jan 05, 2022 03:05AM ET
MADRID (Reuters) - Spain's Repsol (OTC:REPYY) 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.
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Written By: Reuters
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