ABARTA Energy has sold certain oil & gas assets to Repsol

Copper Run advised ABARTA Energy – a developer of natural gas and oil reserves based in Pittsburgh, Pennsylvania. The company helped in finding, producing, and transporting natural gas and oil.

In November 2021, ABARTA filed for Chapter 11 bankruptcy, reporting liabilities of $25.4 million and assets of $4.2 million. ABARTA said it wanted to liquidate/sell all of its remaining oil and gas assets. Some of those assets included a non-operated working interest with Repsol in the northeastern Pennsylvania Marcellus. Repsol bought out ABARTA’s interest in the joint venture the two companies had.