eagle ford

Pioneer Natural Resources Company Announces Sale of Selected Eagle Ford Shale Acreage for $102 Million

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments. The acreage is located in Atascosa, LaSalle, Live Oak and McMullen Counties, Texas. Current net production is approximately 1,100 barrels of oil equivalent per day. After the sale closes, which is expected during the

Venado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets

Venado Oil and Gas, LLC (“Venado”) and KKR today announced that they have closed on the acquisition of the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (NYSE: COG) for a purchase price of $765 million, subject to customary closing adjustments. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of

Pioneer Natural Resources Company Announces Plans to Divest South Texas, Raton and West Panhandle Assets

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it plans to divest its properties in South Texas, Raton and the West Panhandle field. Pioneer’s predominant asset in South Texas is its Eagle Ford Shale acreage where the Company holds approximately 70,000 net acres. All of this acreage is held by production. The Eagle Ford assets being sold represent all of Pioneer’s 46% working interest in the play, including its producing wells and associated

SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million

SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into a definitive agreement for the sale of a majority of the Company’s Powder River Basin assets for a cash purchase price of $500 million (subject to customary closing price adjustments). President and Chief Executive Officer Jay Ottoson comments: “We are very pleased to announce the signing of this agreement. Divestiture of these assets is consistent with our strategy of focusing on development