Statoil completes sale of non-core U.S. onshore assets

9/16/2016

STAVANGER, Norway -- On Sept. 15, Statoil and Antero Resources Corporation completed their previously announced transaction, whereby Statoil has sold some of its non-operated interests in the U.S. state of West Virginia to Antero.

The transaction covers approximately 11,500 net acres, with an average working interest of approximately 19% across Wetzel, Tyler and Doddridge Counties.

In the Marcellus, Statoil retains its operated properties in the U.S. state of Ohio and its c. 350,000 net-acre, non-operated position.

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