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

CARRIZO OIL & GAS ANNOUNCES THE DIVESTITURE OF A PORTION OF ITS EAGLE FORD ACREAGE

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it entered into an agreement to divest a portion of its assets in the Eagle Ford Shale for $245 million in cash, subject to adjustment and customary closing terms and conditions. The divested assets include approximately 24,500 net acres, located primarily in the downdip area of the volatile oil window, and had associated net production during the third quarter of 2017 of approximately 3,400 Boe/d (63%

Sanchez Energy Announces Closing of Javelina Asset Sale

Sanchez Energy Corporation (NYSE:SN) (the “Company”), today announced that it closed the previously announced sale of its Javelina assets in the Eagle Ford Shale for approximately $105 million in cash, subject to customary post-closing adjustments. SOURCE:  http://investor.sanchezenergycorp.com/phoenix.zhtml?c=248475&p=RssLanding&cat=news&id=2301668

Quantum Energy Partners Announces the Formation of Vitruvian Exploration IV and the acquisition of ~120,000 net acres in the Eagle Ford Shale

HOUSTON, TX–(Marketwired – August 24, 2017) – Quantum Energy Partners, a leading energy private equity firm, is pleased to announce the formation of Vitruvian Exploration IV with industry veterans Richard Lane, John Thaeler and Brian Rickmers. Supported by a $450 million equity commitment from Quantum, Vitruvian IV is actively building a portfolio of high quality, emerging and undeveloped oil and gas assets in North American unconventional resource plays. Vitruvian IV is the

Penn Virginia Announces Accretive Acquisition in Core Area

Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced that it has entered into a definitive agreement to acquire Eagle Ford assets located primarily in Lavaca County, Texas for $205 million in cash from Devon Energy Corporation (“Devon”) (NYSE:DVN). The Company anticipates the acquisition will close on or before September 30, 2017, with an effective date of March 1, 2017. Penn Virginia expects the purchase price will be

Devon Energy Announces $340 Million of Non-Core Asset Sales

Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from the company’s recently announced $1 billion divestiture program have now reached $340 million. The Lavaca County transaction is subject to customary terms and conditions and is expected to close by the end of 2017. “These highly-accretive

Acquires 9,413 Net Acres in the San Andres Oil Play of the Permian Basin

Energy Hunter Resources, Inc., an exploration and production company with a balanced portfolio of oil and natural gas properties located in the Permian Basin and Eagle Ford Shale regions and headquartered in Dallas, Texas, announced today that it has entered into a definitive agreement with Lubbock Energy Partners, LLC to acquire approximately 9,413 net acres located in the San Andres oil play of the Central Basin Platform portion of the