ConocoPhillips Shopping Eagle Ford Shale, Austin Chalk Assets

ConocoPhillips’ Eagle Ford Shale leasehold in DeWitt and Lavaca counties, Texas, is being marketed as the company also looks to offload 280,000 net acres in the Anadarko Basin.

ConocoPhillips Shopping Eagle Ford Shale, Austin Chalk Assets

Wells Fargo describes the leasehold as a “proven Eagle Ford development opportunity” with Austin Chalk potential.  (Source: Hart Energy, & ConocoPhillips Co.)

After a period of relative M&A quiet in the Eagle Ford Shale, ConocoPhillips Co. is offering for sale a mix of operated, nonoperated and overriding royalty interests in DeWitt and Lavaca counties, Texas, including locations in the Basal Austin Chalk. 

So far in 2022, the sole announced E&P deal in the Eagle Ford was January’s acquisition by Lime Rock Resources LP. The company said it had purchased Eagle Ford and Austin Chalk assets from a private seller for $271.3 million.

ConocoPhillips is also engaged in marketing nearly 280,000 net acres comprising leasehold in the western Anadarko Basin and nonoperated assets in the STACK and SCOOP plays as the company looks to high-grade its portfolio.

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.