The South Texas Eagle Ford Shale’s emergence as an M&A hot spot in late 2022 highlights the play’s market potential this year.
Paradigm will sell three midstream gathering systems serving the Bakken, and another in the Eagle Ford, to Hilcorp-affiliate Harvest.
The deal is the latest Eagle Ford transaction following months of multi-billion dollar M&A by Marathon Oil, Devon Energy and, most recently, Chesapeake Energy.
INEOS Energy Chairman Brian Gilvary told Hart Energy the $1.4 billion Chesapeake acquisition adds “good, economic barrels to add to [the company’s] portfolio.”
In a span of about 34 days, Chesapeake has divested more than $2.82 billion in Eagle Ford assets as it makes a push toward a natural gas producing powerhouse.
Developments for Madrid-based Repsol in the Marcellus and Eagle Ford look promising in 2023 and beyond after the Spanish oil giant upped its positions in both shale plays last year.
NGL transport led the way as Energy Transfer enjoyed a strong fourth-quarter 2022 earnings report.
At the 2023 NAPE summit, Chesapeake Energy CEO Nick Dell’Osso explained the reasoning behind the company’s Eagle Ford asset divestiture.
Crimson Resources II LLC has retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain operated properties located in the Eagle Ford.
Devon Energy’s chief executive revealed the formula that made the firm’s merger with WPX Energy work.