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Repsol buys U.S. shale oil and gas assets from Rockdale Marcellus for $222 million -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Repsol’s logo is seen at Bormujos, near Seville in southern Spain on March 3, 2016. REUTERS/Marcelo del Pozo/File Photo

MADRID (Reuters). – Spain’s Repsol (OTC) purchased shale gas assets from Rockdale Marcellus in the United States for $222million, a Repsol spokesperson stated. This confirms a Marketline report.

Repsol will be paying $220m in cash, and taking on additional $2million in debt. Rockdale Marcellus sold the assets as part of Chapter 11 proceedings.

These assets are near an area of Pennsylvania, where Repsol has a shale-field operation.

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