Yesterday Trans Energy, a pure play driller focused on the Marcellus Shale (in West Virginia) announced they’re selling off their holdings in Tyler County, WV so they can concentrate on their holdings and drilling operations in Marshall, Wetzel and Marion counties instead. The deal is for 1,163 acres, two well pad sites and one uncompleted Marcellus Shale well. Trans Energy is getting $11.2 million for the transaction.
The announcement from Trans Energy does not identify who is doing the buying, but MDN has what we consider a pretty solid guess…
