A unit of Indian conglomerate Reliance Industries Ltd. reported Monday that it has divested all of its unconventional natural gas assets and has exited North America.

Eagle Ford M&A

Earlier this year Reliance pulled out of Appalachia.

The latest exit follows Ensign Natural Resources LLC’s buyout of Reliance Eagleford Upstream Holding LP’s working interest in leases and wells on about 62,000 net acres in the Eagle Ford Shale. 

Ensign said it now owns 100% of the Eagle Ford acreage in the South Texas counties of Bee, DeWitt, Karnes and Live Oak. The exploration and production company, owned by private equity firms Warburg Pincus LLC and Kayne Anderson Capital Advisors LP, said the assets currently boast net production of 18,000 boe/d.

“Through our efforts over the last three years, we...