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Republic Energy Ventures

Company Summary

Description

Republic Energy was formed to grow and develop reserves in the Marcellus Shale formation of West Virginia.

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Company Transactions

Date: 12/20/2016
Type: Acquisition

BUYERS:
  • EQT Corporation
    • SELLERS:
  • Trans Energy Inc.
  • Republic Energy Ventures
    • DETAILS:

    COST: 683 $MM

    VOLUMES: 44 Mmcf/d

    ACRES: 60000 Acres

    NOTES:
    EQT Corp signed an agreement to acquire 60,000 acres from Trans Energy and Republic Energy and 17,000 net acres from a third party. The acquisition also includes drilling rights on an approx. 29,000 deep Utica acres. EQT will finance the deal through cash on hand and expects to complete the deal in December 2016.
    REGIONS:
  • Marcellus Shale
  • Utica