Eagle

Lonestar Resources US Inc. said Tuesday it is acquiring more than 30,000 gross (21,238 net) acres in the Eagle Ford Shale in South Texas for a total purchase price of $116.6 million.

Production from the dry gas Eagle Ford Shale, particularly in Webb County, TX, has skyrocketed, and so has Mexico’s gas demand. That would sound like an opportunity to anyone.

Rising proppant demand in the Permian Basin has led Twin Eagle Sand Logistics LLC to launch yet another expansion of its West Texas rail facility near Big Spring.

Production from the dry gas Eagle Ford Shale, particularly in Webb County, TX, has skyrocketed, and so has Mexico’s gas demand. That would sound like an opportunity to anyone.

SM Energy Co. said it has indefinitely postponed plans to sell its assets in Divide County, ND, after receiving bids that were lower than the company’s expectations.

Houston-based WildHorse Resource Development Corp. (WRD) has struck a $625 million deal to acquire 111,000 net acres and associated production in the Upper Eagle Ford Shale of East Texas.

After adding to its Eagle Ford Shale assets last year and growing company-wide production by 10% during the first quarter, Houston-based Carrizo Oil & Gas Inc. is pondering the sale of its Appalachian assets, CEO Chip Johnson said Tuesday.

SM Energy Co. said its three-year growth plan was ramping up quickly, with new wells performing stronger than expected, while completing an $800 million sale of noncore assets in the Eagle Ford Shale helped to reduce net debt by more than 20%.

Drillers and dealers have been returning to the Haynesville and Eagle Ford shales, which have seen rising rig counts and an increase in merger and acquisition (M&A) activity of late. Enterprise Products Partners LP management has been watching.