Endeavor Cancels Marcellus Shale Sale

Endeavor International Corp. announced today that it has ended its purchase and sale agreement with SM Energy Corp. for a leasehold, pipeline and other items in McKean and Potter counties.

The $80 million agreement would have included all of SM Energy’s Marcellus Shale assets, including 42,000 acres of leasehold plus wells and pipelines.

The sale was announced in July and today was the deadline to finalize it. Endeavor did not give a reason for termination of the agreement.

http://phx.corporate-ir.net/phoenix.zhtml?c=131980&p=irol-newsArticle&ID=1639405&highlight=



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