Eagle Ford – Oil & Gas 360

Exclusive: Verdun Oil at EnerCom Denver-The Energy Investment Conference 2024

August 29, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Verdun is a privately-held oil & gas company primarily focused on the Eagle Ford shale and Austin Chalk trends in South Texas. Verdun was formed with equity commitments from management and

Crescent Energy, SilverBow Resources form second-larger Eagle Ford player following $2.1 billion acquisition closing

August 2, 2024

World Oil (WO) – Crescent Energy Company announced the closing of its acquisition of SilverBow Resources, Inc. The transaction was closed ahead of schedule. The SilverBow integration is well underway, with approximately $35 million of the previously announced $65 – $100 million in annual synergies captured to date through an improved cost of capital resulting in reduced interest expense. Crescent

Repsol explores sale of minority stake in South Texas oil assets, sources say

June 28, 2024

BOE Report Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims to bring in a partner or

Operational efficiencies drive cost excellence for U.S. onshore drilling operations, report finds

June 5, 2024

World Oil (WO) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released new research that analyzes which oil and gas plays show the greatest rate of increase in drilling speeds and whether well costs correlate with drilling speeds. In addition, the report looks at how well designs are affecting drilling efficiencies. “Cost reduction efforts to improve capital efficiency

APA Corporation sells non-core Permian, Eagle Ford assets for $700 million

May 22, 2024

World Oil (WO) – APA Corporation announced the sale of non-core producing properties by Apache Corporation in two separate transactions for over $700 million. Combined, the properties represent estimated net production in the first-quarter 2024 of 13,000 boed, of which just over one-third is oil. “These transactions are consistent with our active management of the portfolio, and we will continue

INEOS acquires Chesapeake Energy Eagle Ford shale assets for $1.4 billion

May 3, 2023

World Oil (WO) – INEOS Energy has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, South Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the U.S. onshore oil and gas market, as it acquires 2,300 wells, producing net 36,000 boed. The acquisition, which includes production

Is the Eagle Ford shale play getting a second wind?

November 21, 2022

Oil Price Over the last year, the Eagle Ford Shale play has seen a lot of renewed interest in investment as well as M&A activity. Just this November, Marathon Oil Company, (NYSE:MRO) announced in their quarterly earnings call they had acquired the Eagle Ford assets of privately held Ensign Natural Resources. For a sales price of ~$3.0 bn in a

Chesapeake reports ‘tremendous interest’ in its Eagle Ford assets

September 12, 2022

World Oil (Bloomberg) — Chesapeake Energy Corp. said its assets in the Eagle Ford Shale have drawn a “tremendous amount of interest” as the U.S. company pursues a sale in order to become a pure-play natural gas producer. The company has fielded data requests from prospective buyers, and the process could result in all the assets being sold to a

Ranger Oil announces accretive acquisitions adding additional scale to premium Eagle Ford position

June 30, 2022

Oil and Gas 360 HOUSTON, TX / ACCESSWIRE / June 30, 2022 / Ranger Oil Corporation (“Ranger” or the “Company”) (NASDAQ: ROCC) today announced additional bolt-on acquisitions of oil and gas assets in the Eagle Ford shale, bringing the total purchase price of transactions signed in the second quarter to approximately $110 million, subject to customary adjustments. The combined all cash

Eagle Ford gas driller Laredo Energy VI explores sale worth up to $1 billion

June 10, 2022

World Oil (Bloomberg) — The owners of Laredo Energy VI LP, a gas driller focused in the Eagle Ford Shale in South Texas, are considering a sale of the company worth up to $1 billion, according to people with knowledge of the situation. Houston-based Laredo leases 70,000 acres in a slice of the Eagle Ford just north of the Mexican

Sumitomo quits U.S. shale oil with sale of Eagle Ford stake

February 4, 2021

Reuters TOKYO – Japanese trading house Sumitomo Corp has quit the shale oil business in the United States by selling its stake in a project in the Eagle Ford during the October to December quarter of 2020, a company spokesman said on Thursday. Sumitomo bought a 100% stake in 2018 in a field in the Eagle Ford formation of southern

Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark

July 21, 2020

Reuters Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts. The COVID-19 pandemic destroyed fuel demand and left dozens of energy companies without the prospect of drilling their way out

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