Repsol has bought Pennsylvanian assets from Rockdale Marcellus
Repsol buys Pennsylvanian shale producer
Acquisition of Rockdale Marcellus is part of the Spanish firm’s strategic plan
Spanish oil company Repsol has bought bankrupt US shale producer Rockdale Marcellus for $222mn. The US firm owns 100pc of its west Pennsylvanian operations, which were producing c.110mn ft³/d (3.11mn m³/d) of gas as of March of last year. The company’s 48,000-acre plot is contiguous but stretches across the counties of Tioga, Bradford and Lycoming. Rockdale Marcellus filed for Chapter 11 bankruptcy in September last year. Repsol says the acquisition is “one of 14 key projects” in its 2021-2025 strategic plan and allows the company to add value to its existing and adjacent positions in the “prolific” dry gas portion of the Marcellus shale formation. There is also the potential to expand oper
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
