Repsol Pursues MiQ Responsible Gas Cert for Marcellus Production
Spanish-owed Repsol owns 214,000 net acres of leases in the Marcellus Shale, primarily located in northeastern Pennsylvania in Bradford, Susquehanna, and Tioga counties. Part of Repsol's acreage number includes 43,000 acres recently purchased from Rockdale Marcellus (see Sale of Rockdale PA Assets to Repsol Closes – $220M Cash, $2M Debt). In what has become an undeniable trend, Repsol is seeking to have all of its Marcellus production (roughly 1.5 billion cubic feet per day from ~680 wells) certified as "responsibly produced."
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