Anadarko to sell Marcellus shale assets to Alta Resources

Anadarko Petroleum Corp. plans to close a $1.24 billion sale of 195,000 net acres in Pennsylvania’s Marcellus shale play by next spring to a subsidiary of Houston-based Alta Resources Development, reports The news service says the acreage includes operated and non-operated oil and natural gas assets in Pennsylvania, but not midstream assets owned by Anadarko’s master limited partnership, Western Gas Partners. For more, read the full story.