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.
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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.
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.
ConocoPhillips Lower 48 unconventional production troughed a bit sooner than the company expected — during the first quarter instead of the second. And now production is up from what was only recently planned, Alan Hirshberg, executive vice president for production, drilling and projects said Tuesday.
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.