Marcellus Gas Production for Norwegian Statoil Now 660 Mmcf/d
A semi-retired engineer who dabbles with investing wrote an interesting article appearing yesterday on the Seeking Alpha investor’s website about Statoil, a Norwegian multinational oil and gas company. One of the “short-term catalysts” mentioned in the article is Statoil’s investment and activity in the Marcellus and Utica Shale. We found his quick-take (and charts) on Statoil’s northeast activity an interesting and useful update on what the company is doing here in our neck of the woods. The Marcellus/Utica is growing in size and importance for Statoil.
Here’s a quick update on Statoil’s activity in the northeast: