Endeavour Intl & Samson Exploration Form 50/50 Marcellus JV

One of the Marcellus Shale’s smaller drilling/midstream companies is Endeavour International, with 15,800 acres of leased Marcellus acreage according to NaturalGasIntel.com. Endeavour announced yesterday they’ve sold a 50% stake in their Marcellus assets to Samson Exploration, forming a joint venture with Samson. The amount of cash involved in the transaction was undisclosed.

According to the announcement, Endeavour will use the money from Samson to complete three previously drilled Marcellus wells in Cameron County, PA and hook them up to an EQT Corp. gathering pipeline. The wells should be online by the middle of 2014…

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