Kalnin Ventures LLC, backed by Thailand-based Banpu Pcl, said March 20 it reached an agreement on its third Marcellus asset acquisition.For $16 million, Kalnin agreed to acquire a nonoperating portfolio in the Northeast Marcellus shale play of Pennsylvania from Radler 2000 LP, an affiliate of Tug Hill Inc. The purchase is comprised of interests in more than 177 wells operated by seven “established” Marcellus operators.Upon closing, Kalnin will have a stake in 215 active wells, including five waiting on completion, with net production of more than 40 million cubic feet per day.
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