India’s Reliance Deals Eagle Ford Asset to Ensign, Exiting US Shale

The acquisition of Reliance’s U.S. shale position is set to make Ensign Natural Resources one of the premier private operators in the Eagle Ford, the Houston-based company said.

India’s Reliance Deals Eagle Ford Asset to Ensign, Exiting US Shale

Post the Reliance acquisition, Ensign Natural Resources will own and operate 130,000 acres in the core of the Eagle Ford with current production approaching 40,000 boe/d. (Source: Hart Energy)

India’s Reliance Industries Ltd. announced its exit from U.S. shale with the divestiture of its Eagle Ford Shale position to privately held Ensign Natural Resources LLC.

Ensign on Nov. 8 agreed to acquire the Eagle Ford assets of Reliance Eagleford Upstream Holding LP, a step-down subsidiary of Reliance Industries, for an undisclosed amount. The deal is set to increase Ensign’s current ownership to 100% in the leases and wells it acquired from Pioneer Natural Resources Co. and Newpek LLC. 

“We are excited to complete the puzzle with the acquisition of Reliance’s interest and now operate one of the premier assets in the basin,” Brett Pennington, president and CEO of Ensign, commented in a company release

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.