Aurora Oil & Gas Adds Sugarloaf Acreage for $95 Million

Second Sugarloaf Acquisition Proposed in Two Weeks

Aurora Oil & Gas is continuing its quest to add acreage in the Sugarloaf field in South Texas. Just two weeks ago, Aurora made a bid for Eureka Energy, but Eureka’s board wasn’t excited about the proposal. This week, Aurora announced a deal that adds 1,440 net acres to the company’s AMI in the Sugarloaf at a price tag of US$95 million. 

Marathon Oil operates the property. Aurora will have a 21.8% non-operated interest in the field when the deal closes. If the company is able to close the Eureka deal, they would add an additional 6.25% interest in the AMI.

The following two tabs change content below.
R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Shannan Tracy says:

    We have land in the Eagle Ford. Do you have a map that shows where sugar loaf is located?

    • R.T. Dukes RT Dukes says:

      I have one somewhere on my computer. Let me dig and I’ll post it here when I find it

Add a Comment

MENU