Norse Energy Corp. has retained Albrecht & Associates Inc. to sell certain unconventional assets in New York.
The package includes 133,000 net acres prospective for the Marcellus and Utica shales in Broome, Chenango and Madison counties. Nearly 19,500 net acres are held by production from the shallower Herkimer sandstone and Norse owns the minerals under another 5,485 acres. Net revenue interest is 82.5%.
Norse is also selling its interests in Madison, Chenango and Broome Counties in a 75-mile multi-line ROW, allowing future midstream infrastructure to connect three major interstate pipelines—Millennium, Tennessee, and Dominion—and debottlenecking Susquehanna County, Pennsylvania, the most prolifically producing portion of the Marcellus trend.
Norse is selling 408 miles of proprietary 2-D seismic and 76 square miles of proprietary 3-D seismic of which 56 square miles were shot in 2010.
Morgan Keegan Investment Banking is financial advisor to Norse.
Bids are due by year-end 2011. Contact Harrison Williams, 713-951-9586, email@example.com.