Eagle Ford Deal Value Leads the U.S. in 2013

Approximately $9 Billion in Eagle Ford Deals in 2013
Devon Energy Eagle Ford Acreage Map

Devon Energy Eagle Ford Acreage Map – 82,000 net acres | Click to Enlarge

Eagle Ford deal value led a down year for upstream exploration and production deals in the U.S. with almost $9 billion in activity in 2013.

A record was set in 2012 with almost $90 billion in mergers and acquisitions. The value of deals fell more than 42% to ~$52 billion in 2013. Worldwide total deal value fell from $271 billion in 2012 to $138 billion in 2013.

Of the almost $9 billion spent in the Eagle Ford, almost two-thirds was contributed by one deal – Devon Energy Acquiring Eagle Ford Assets From GeoSouthern for $6 Billion. Add oilfield service & pipeline deals and the Eagle Ford accounted for much more than $9 billion in activity.

You can read more on deals with regional relevance in 2013 by following the links below:

First Quarter 2013

Second Quarter 2013

Third Quarter 2013

Fourth Quarter 2013

Read the full PLS upstream deal activity report at plsx.com also find a full list of Eagle Ford Deals here.

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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

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