Houlihan Lokey Advises Rockdale Marcellus

Houlihan Lokey is pleased to announce that Rockdale Marcellus, LLC, and Rockdale Marcellus Holdings, LLC (collectively, Rockdale) has sold substantially all of its natural gas assets to Repsol Oil & Gas USA, LLC (Repsol) for ~$224 million. The transaction closed on January 19, 2022.

Rockdale was a privately owned E&P company with assets in Tioga, Bradford, and Lycoming counties in Pennsylvania. Rockdale focused on the development and production of highly productive Marcellus shale natural gas reserves across its contiguous ~43,000 net acre position. On the transaction closing date, Rockdale was producing ~70.5 MMcf/d (net).

Houlihan Lokey served as the exclusive financial advisor and advised Rockdale on all aspects of the marketing, structuring, negotiating, technical analysis, and closing of the sale.

Click here for a case study regarding the transaction.

We look forward to assisting you, our valued clients, and exploring how we can help you achieve your corporate goals.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia‑Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.