Questerre has completed the acquisition of Utica shale assets from partner Repsol. These comprise 16 tracts 3,000-odd sq km in the Saint Lawrence Lowlands of Quebec, at a cost of CAD 16.1 MM to Questerre.
Questerre Energy announced that it has closed the acquisition of Utica shale gas-prone assets in the Saint Lawrence Lowlands from Repsol, consisting of exploration rights to 753,000 net acres (3,047 sq km). According to Questerre, an independent resources assessment has placed the area's contingent and prospective gas resources at 3.9 Tcf and 21.3 Tcf, respectively