Pioneer Natural Resources Co., whose fortunes today are centered in the Permian Basin, said Tuesday it is selling more of its Eagle Ford Shale acreage to Sundance Energy Inc. for $102 million.
Sundance
Articles from Sundance
Sundance Bolts On Eagle Ford Acreage in $221.5M Deal with Pioneer
Denver-based Sundance Energy Australia Ltd. struck a deal with Pioneer Natural Resource Co. to buy almost 22,000 acres and 1,800 boe/d of production in the Eagle Ford Shale, bolting on to an existing leasehold in South Texas.
Australia’s Sundance Adds Eagle Ford Acreage
Sundance Energy Australia Ltd. acquired additional working interests in 23 gross (1.5 net) producing wells and 1,449 gross (130 net) acres in the Eagle Ford Shale in McMullen County, TX, for $7.1 million.
Sundance Adds to Eagle Ford Acreage as It Exits DJ Basin
Sundance Energy Australia Ltd. is picking up Texas acreage prospective for the Eagle Ford Shale and for the Georgetown Formation and has sold its acreage in the Denver-Julesburg (DJ) Basin in order to refocus capital on core areas, the company said.