Eagle

Houston-based and Eagle Ford-focused Penn Virginia Corp., which emerged from bankruptcy in September, restarted its Eagle Ford drilling program in November and has plenty of drilling locations to target with a planned two-rig program.

EV Energy Partners LP (EVEP) has divested 16% of its Barnett Shale position and replaced it with a 5.8% working interest in the Eagle Ford Shale.

The Permian Basin might be getting most of the rigs, and most of the press, but the Eagle Ford Shale is a “sleeper,” and rigs keep trickling back to the Haynesville Shale, too, Enterprise Products Partners LP executives said during a conference call Monday.

Anadarko Petroleum Corp., which has narrowed its U.S. focus, agreed late Thursday to sell its Eagle Ford Shale portfolio in South Texas for $2.3 billion to a 50-50 joint venture of Sanchez Energy Corp. and Blackstone Group LP.

SM Energy Co. has agreed to sell non-operated Eagle Ford Shale assets, including its interest in related midstream infrastructure, to a unit of Venado Oil and Gas LLC, which is an affiliate of KKR, for $800 million.

Houston-based onshore explorer WildHorse Resource Development Corp. has joined a select group of energy operators this year after launching on the New York Stock Exchange this week.

Calgary-based Baytex Energy Corp. plans to spend about 70% of its 2017 capital budget in the Eagle Ford Shale while it also resumes drilling in Canada, the company said Monday.

Penn Virginia Corp., which completed a Chapter 11 bankruptcy restructuring on Sept. 12, said it will restart its Eagle Ford Shale drilling program by the end of November. Plans are to drill 16 to 19 net lower Eagle Ford wells with 13 to 16 net wells turned to sales during 2017.

North American exploration behemoth Encana Corp. claimed a big reduction in costs during the third quarter as it continued an aggressive campaign to boost total production by 60% and increase cash flow.