After $900 Million Acquisition, Validus Sees Potential Eagle Ford Consolidation

FORT WORTH, Texas—A&D activity is likely to tick up in the Eagle Ford during the next couple of years and Validus Energy may well be one of the buyers, said the company’s CFO, Cameron Brown.

Denver-based Validus, with roughly $1 billion of capital commitments available for deals, “would love to continue to consolidate the basin,” Brown said at Hart Energy’s DUG Permian Basin and Eagle Ford Conference and Exhibition last month.

In March 2021, Validus Energy agreed to purchase Ovintiv’s Eagle Ford assets for $880 million. Ovintiv, formerly known as Encana Corp., purchased the assets in 2014 for $3.1 billion. Validus is backed by Pontem Energy Capital Management LLC, which shares board members including Brown.