Statoil is selling a 5.8% stake in its Marcellus and Utica JV assets in northern West Virginia and southern Pennsylvania to new partner Southwestern Energy for $394 million and retaining ~23% WI. Having also closed its $5.4 billion purchase of Chesapeake's 67.5% WI, Southwestern's newly acquired interests will rise to 73.3% WI, representing 443,000 net acres.The Statoil deal adds incremental October net production of 29 MMcfed and 30,000 net acres targeting the Marcellus, Utica......
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