Kalnin Ventures adds to Marcellus shale portfolio with $16 million purchase

Denver-based investment firm Kalnin Ventures LLC has acquired more Marcellus shale assets in Pennsylvania on behalf of Banpu Pcl, a Thailand-based coal mining and power generation company, reports the Pittsburgh Business Times. The newspaper says Kalnin has reached a $16 million purchase agreement with Radler 2000 LP - Tug Hill Marcellus LLC for 177 wells in Bradford, Sullivan, Susquehanna, Lycoming, Tioga and Wyoming counties. Kalnin had previously acquired Marcellus wells from Chief Exploration and Development LLC and Range Resources-Appalachia. For more, read the full story.