Paper Co MeadWestvaco Sells Forest Acreage, Keeps Marcellus Rights

In our trawl of the daily news, MDN noticed last week that paper and manufacturing giant MeadWestvaco (MWV) Corporation (the makers of At-a-Glance planners and calendars) has sold ALL of its forestland in the U.S.–501,000 acres in all–to Plum Creek Timber Company for $1.1 billion.

Why is that interesting to MDN? Because according to the MWV the one thing not part of the deal are the oil and natural gas rights on 191,000 Marcellus Shale acres in West Virginia. MWV knows a good thing when they have it…

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