Questerre Energy Closes on Deal to Buy 753K Utica Acres in Quebec

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Utica Shale in Quebec – click for larger version

Last March MDN told you that Questerre Energy, a Canadian driller who has patiently waited for years to begin drilling on their extensive Utica Shale acreage in the St. Lawrence Lowlands of Quebec, Canada, had hammered out an agreement with joint venture partner Repsol to buy out Repsol’s ownership interest in 753,000 Utica acres (see Questerre Energy Picks Up Another 753K Utica Acres in Quebec). The deal is now, finally, done. The question is: Will Questerre ever get to drill on their acreage?

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