Thursday, November 28, 2024

First Reserve to Sell Eagle Ford Acreage to Venado Oil & Gas

Private equity firm First Reserve is selling approximately 23,000 net Eagle Ford acres held by Texas American Resources to an affiliate of Venado Oil & Gas LLC. Texas American Resources Company has focused on operating and exploiting multiple formations including the Austin Chalk, Eagle Ford, Buda, San Miguel and Olmos. Concurrent with the closing of First Reserve’s original investment, Texas