Repsol Picks Up Abarta’s Non-Op Working Interest in PA Marcellus

Abarta Energy (aka Abarta Oil & Gas Co.) was a privately-owned company based in Pittsburgh with assets including wells and pipeline systems located in Pennsylvania, West Virginia, and Kentucky. In November 2021, Abarta filed for Chapter 11 bankruptcy, reporting liabilities of $25.4 million and assets of $4.2 million (see M-U Driller Abarta Energy Files for Chapter 11 Bankruptcy). Abarta said it wanted to liquidate/sell all of its remaining oil and gas assets. Some of those assets included a non-operated working interest with Repsol in the northeastern Pennsylvania Marcellus. It appears Repsol bought out Abarta's interest in the joint venture the two companies had. The transaction happened before June 30, 2022.

---

To view this content, log into your member account. (Not a member? Join Today!)