The buyer has been revealed in Range Resources’s $634 million sale of assets in the Appalachian Basin, according to Oil & Gas 360. Lime Rock Resources made the purchase last week.
Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, acquired a non-operated overriding royalty interest in 350,000 net surface acres of the Marcellus Shale.
The transaction represented the company’s first procurement in the Appalachian basin.
Learn more: Oil & Gas 360 > Buyer revealed in Range’s $634 million Appalachian asset sale
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