Spain’s Repsol has bought shale oil and gas assets from U.S. firm Rockdale Marcellus for $222-million, a company spokesperson said, confirming a report from Marketline.
Repsol will pay $220-million in cash and assume an additional $2-million in debt, he said. The assets were sold by Rockdale Marcellus as part of a Chapter 11 process.
The assets are located near an area in Pennsylvania where Repsol already operates a shale field.
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