Northeast Natural acquires Marcellus acreage

Northeast Natural Energy LLC, Charleston, W.Va., closed the acquisition of 11,657 net acres in the core of the Marcellus shale and associated shallow conventional oil and gas wells from Nytis Exploration Co. LLC and Nytis Exploration of Pennsylvania LLC, both private firms.

By OGJ editors
HOUSTON, Mar. 12
-- Northeast Natural Energy LLC, Charleston, W.Va., closed the acquisition of 11,657 net acres in the core of the Marcellus shale and associated shallow conventional oil and gas wells from Nytis Exploration Co. LLC and Nytis Exploration of Pennsylvania LLC, both private firms.

The acreage is in Armstrong, Clearfield, and Westmoreland counties in Pennsylvania. The transaction provides a platform for future bolt-on positions in the region.

There was no indication when NNE would begin drilling the acreage. The company said it is evaluating other opportunities in the Marcellus.

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