Eagle Ford

Home>Topics>Eagle Ford
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Videos
  1. Anadarko sells Eagle Ford assets to Sanchez Energy for $2.3B

    Anadarko Petroleum Corp. (NYSE: APC) agreed to sell its Eagle Ford Shale assets in South Texas for approximately $2.3 billion to Sanchez Energy Corp. and Blackstone Group LP. Anadarko's sponsored master limited partnership, Western Gas Partners LP (NYSE: WES), will continue to own and operate its midstream assets in South Texas and is expected to benefit from drilling commitments made by the buyers in conjunction with this transaction. "The ongoing success of our portfolio-management activities provides us with the flexibility to further accelerate capital investments in our higher-return oil opportunities in the Delaware Basin, the DJ Basin, and the deepwater Gulf of Mexico, which drive our ability to deliver a 12- to 14-percent five-year compounded annual oil growth rate," said Al Walker, Anadarko Chairman, President and CEO.  The divestiture includes approximately 155,000 net acres primarily located in Dimmit and Webb counties. At the end of the fourth quarter of 2016, sales volumes from these properties totaled approximately 45,000 barrels of liquids per day and approximately 131 million cubic feet of natural gas per day. Anadarko Petroleum received approximately “$34,400 per flowing barrel which reflects its operatorship premium to the $29,365 per flowing barrel that SM received for its recent divestiture (includes midstream,” noted Cowen and Company analysts in a note to investors following the news. The deal price “appears in-line with investor expectations following SM's recent deal ,” the analysts said, noting expectations for Anadarko to end the first quarter of 2017 with over $6 billion in cash “providing it with the flexibility to accelerate drilling beyond 12% - 14% 5-yr oil CAGR or to add opportunistically to its core plays.” The transaction is expected to close in the first quarter of 2017, subject to customary closing conditions and adjustments.  

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  2. Sanchez, Blackstone team to buy Anadarko Eagle Ford acreage for $2.3 billion

    Sanchez Energy Corp., Houston, and funds managed by private equity firm Blackstone Energy Partners LP have entered a 50-50 partnership and agreed to acquire working interest in 318,000 gross operated acres in the western Eagle Ford shale of South Texas from Anadarko Petroleum Corp., The Woodlands, ...

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  3. SM Energy to sell non-operated Eagle Ford assets for $800M

    SM Energy Co. has agreed to third party operated assets in the Eagle Ford to Venado Oil and Gas LLC, an affiliate of KKR, for $800 million.

    Online Articles

    Online Articles

    Tue, 3 Jan 2017

  4. BHI: US rig count begins 2017 with 7-unit increase

    The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound.

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  1. Lucas Energy enters Permian, changes name

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  2. 1Derrick US M&A weekly update

    1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of January 2nd to January 6th.  

    Online Articles

    Online Articles

    Mon, 9 Jan 2017

  3. Lucas Energy to change name, adds two executives

    Lucas Energy Inc. will change its name to Camber Energy Inc., effective January 5, 2017. The company also named two new senior vice presidents to the management team.  

    Online Articles

    Online Articles

    Wed, 4 Jan 2017

  4. 2017 primed for growth after 117% surge in 2016 U.S. oil and gas M&A activity

    PLS, a leading Houston-based oil and gas research firm, announced that M&A activity for the upstream energy sector in the U.S. more than doubled in 2016 to $69 billion in 385 deals as the industry quickly adapted a $50 oil price environment.

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  5. Lucas Energy enters Permian with 3,630 net mineral acres

    Lucas Energy Inc. has entered into a Lease Acquisition and Participation Agreement to acquire a leasehold position in the Permian Basin in Texas.

    Online Articles

    Online Articles

    Tue, 3 Jan 2017

  6. KKR, Venado form Eagle Ford oil and gas investment partnership

    KKR and Venado Oil and Gas LLC have partnered to consolidate assets in the Eagle Ford Shale.  

    Online Articles

    Online Articles

    Thu, 29 Sep 2016

  7. Carrizo Oil & Gas makes bolt-on Eagle Ford acquisition

    Carrizo Oil & Gas Inc. has agreed to acquire Eagle Ford Shale properties from an affiliate of Sanchez Energy Corp. for $181 million in cash.

    Online Articles

    Online Articles

    Tue, 25 Oct 2016

  8. Carrizo to add 15,000 net acres in Eagle Ford

    Carrizo Oil & Gas Inc. has agreed to acquire 15,000 net acres in the Eagle Ford shale of South Texas from an affiliate of fellow Houston firm Sanchez Energy Corp. for $181 million in cash.

    Online Articles

    Online Articles

    Tue, 25 Oct 2016

Get More Results