Repsol Plans to Spend €1.24 Billion on Marcellus Drilling 2026-28

Yesterday, March 10, 2026, Repsol held its Capital Markets Day at its headquarters in Madrid, Spain, where the company unveiled its new Strategic Plan for 2026–2028. Repsol is leaning into its U.S. natural gas assets, even as its total company-wide spending is slowing. Repsol reiterated that the United States is a "core country" for its Upstream (Exploration and Production) business. Repsol is specifically "high-grading" its portfolio to focus on high-value areas like the Marcellus Shale in Pennsylvania and the Eagle Ford Shale in Texas.

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