Texas: El Paso rejects Eagle Ford partner offers

By OGJ editors
HOUSTON, Apr. 14
– El Paso Corp. resolved to develop its Eagle Ford shale acreage in South Texas on its own to create greater value for its shareholders.

The company said interest in participating in its position was high and that it extensively evaluated proposals from potential partners. It did not identify those who sought to join it.

Wells in the company’s central area in LaSalle County, Tex., are exceeding expectations, El Paso said. It ranks the Eagle Ford shale program as one of its most valuable assets and a key resource for oil reserves and production growth.

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