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Industry Briefs

As had been expected, the acquisition of Australia’s Eureka Energy Ltd. by Aurora Oil & Gas Ltd. is to be completed, Aurora said in a letter to Eureka shareholders. Both companies have acreage in the Eagle Ford Shale of South Texas. Eureka has three core assets with a combined net acreage position of 6,742 acres, all focused on the Eagle Ford, according to the Australian company’s website. “The assets are at different levels of maturity throughout the value chain, from ongoing production and development, appraisal and development to initial technical development,” the company said. Aurora participates in multiple separate joint ventures that form a contiguous land position totaling 76,989 acres that sit at the heart of the Eagle Ford, according to the company (see Shale Daily, July 3; May 1).

July 6, 2012