Statoil of Norway Buys into 70,000 acres in Monroe Co. Ohio, Ritchie, Tyler, Wetzel Cos. WV

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Okay, I can't get the links corrected to work, I am sorry.

However, doing a Google search will get you info on this transaction.

Where do you see Ritchie county? I didn't notice that on the map on their website.

Thanks

Jonathan, it should be Harrison County NOT Ritchie.   Thanks for correcting me.

Sure thing. I was hoping it was Ritchie. Good friend of mine recently purchased large piece of property in Ritchie

590 million for 70000 acres is around 8400 per acre.  Good profit for Protege and the other lease holders.

Here's the link I found

http://www.bizjournals.com/houston/morning_call/2012/12/statoil-acq...

That's interesting seems the Wet\Dry line has moved south and east.

http://finance.yahoo.com/news/statoil-becomes-operator-marcellus-ac...

Joe,

The map I have of Marcellus showed those as Dry Marcellus.

Attachments:

Since it is wet marcellus won't that lower the cost of drilling and make the marcellus more profitable overall?

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