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.
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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.
The worst of the commodity price rout is over, according to Enterprise Products Partners LP management. Among other things, company executives are watching producer activity in plays such as the Permian Basin, Eagle Ford and Haynesville shales, and they’re seeing signs of better times to come.
Carrizo Oil & Gas Inc. (CRZO) is buying 15,000 net acres in the Eagle Ford Shale from an affiliate of Sanchez Energy Corp. for $181 million in cash.
Talisman Energy USA Inc. is being sued by oil and natural gas royalty owners with interests in the Eagle Ford Shale for allegedly manipulating production volumes by as much as 20-30%.
Private equity giant Kohlberg Kravis Roberts & Co. LP (KKR) and Venado Oil and Gas LLC have formed a partnership to consolidate proven assets in the Eagle Ford Shale in South Texas. They said they will pursue additional oil and gas investment opportunities there as well.
During the second quarter Denver-based SM Energy Co. saw its production grow by 7% over the previous quarter, thanks to improvements in both the Permian Basin and the Eagle Ford Shale, while costs came down.