The sale of PDC Energy and Lime Rock Resources' 50:50 Marcellus JV PDC Mountaineer to First Reserve-backed Mountaineer Keystone Energy for $500 million has closed. The acquisition adds current production of over 50 MMcfed and proved reserves of nearly 650 Bcfe. Mountaineer Keystone's land base in the West Virginia Marcellus more than triples, with the 131,000 net acres being added in this deal boosting its total leasehold to 181,000 net acres."We are thrilled with......
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