We hold an interest in approximately 750,000 gross acres on the North Slope in Alaska, where we have announced several significant discoveries in the Nanushuk formation.
In 2017 we announced the Horseshoe discovery, which is the largest conventional onshore oil discovery in the United States in 30 years, with an estimated 1.2 billion barrels of light crude.
The beginning of the 2018 – 2019 winter campaign has confirmed the great potential of the project with the presence of hydrocarbons in the south of the Pikka unit. First production is expected in 2023 once the necessary delineation and development work has been carried out.
We hold a 25% working interest in the Horseshoe discovery and 49% in the Pikka Unit.
The Marcellus Shale is one of the largest natural gas fields in the world, extending throughout the Appalachian Basin and stretching across Pennsylvania.
Repsol holds an interest in 168,400 net acres in the Marcellus Shale. The company’s acreage is primarily located in northeastern Pennsylvania in Bradford, Susquehanna and Tioga counties. Repsol’s working interest natural gas production from the play averaged 491 million cubic feet per day during 2017.
The company owns and operates midstream assets in Pennsylvania comprising approximately 315 miles of production and gathering pipelines, which are serviced by eight compression and gas dehydration facilities. The midstream assets, having a meter sales capacity of 1.5 billion cubic feet per day, currently deliver gas into multiple interstate pipeline systems.