Talisman – Common Resources Agree Eagle Ford Acreage Deal

Talisman Energy has agreed to purchase 37,000 acres in the Eagle Ford Shale from Common Resources for $359 million (~10,000 per acre).  The deal adds to Talisman’s US unconventional resource holdings, which includes a position in the Marcellus Shale. Talisman is expected to continue adding unconventional resource holdings and that likely means this isn’t their last Eagle Ford Shale deal.

“Talisman reached agreement to acquire 37,000 net acres in the Eagle Ford shale play in south Texas.”

Read the full press release at www.talisman-energy.com

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.