EOG Accelerates Eaglebine JV With ZaZa by Electing Into Phase II

Phase III Election Timeline Moved From January 2015 to January 2014
ZaZa Energy Eaglebine Map

ZaZa Energy Eaglebine Map | Click to Enlarge

EOG Resources joint venture with ZaZa in the Eaglebine is moving into phase two of three. EOG is expected to complete the first three wells this year and was expected to elect into phase two in early 2014. Instead, the company has accelerated its plans.

The deal includes several forms of consideration, so we’ll break it out by company: [Read more…]

Eagle Ford Operator EP Energy Preparing For IPO

Eagle Ford Production Has Surpassed 30,000 boe/d
EP Energy Eagle Ford Acreage Map

EP Energy Eagle Ford Acreage Map | Click to Enlarge

EP Energy (EPE) has filed to go public. The company was El Paso Corporation’s upstream subsidiary and was sold to private investors prior to the Kinder Morgan acquisition of El Paso. Read more in the article Apollo Buys El Paso’s E&P Unit – $7.15 Billion.

EP Energy’s primary operations are located in the Eagle Ford, Permian Basin, and Uinta Basin in Utah. [Read more…]

ConocoPhillips Ramping Up for the Future (2011) – Eagle Ford Flashback

ConocoPhillips Eagle Ford Acreage Map

ConocoPhillips Eagle Ford Acreage Map | Click to Enlarge

ConocoPhillips began ramping up in South Texas not long after acquiring Burlington Resources. The following was taken from an Eagle Ford fact sheet over two years ago: [Read more…]

Talisman Energy Shopping For Eagle Ford Buyers

The Company Could Sell 74,000 Acres And ~30,000 boe/d
Talisman Eagle Ford Map

Talisman Eagle Ford Map | Click to Enlarge

Talisman Energy has retained the Royal Bank of Canada to determine if buyers are interested in the company’s Eagle Ford acreage.

Talisman previously announced plans to divest $2-3 billion in non-core assets. The Eagle Ford is a core holding, but there are hopes the company could get as much as $2 billion for its 74,000 acres and 30,000 boe/d (2013 guidance). [Read more…]

Penn Virginia Pearsall Well Test Drilling as Eagle Ford Reserves Surge

PVA Added 2,000 Net Acres At A Cost of $4.9 Million in Q4 2012
Penn Virginia Eagle Ford Acreage Map

Penn Virginia Eagle Ford Acreage Map | Click to Enlarge

Penn Virginia Corp grew Eagle Ford reserves 161% in 2012 from 10 mmboe to 26.1 mmboe. Reserves received a boost as the company’s production grew to 6,900 boe/d in the fourth quarter of 2012, which represents growth of 600 boe/d over third quarter volumes of 6,300 boe/d. [Read more…]

Aurora Oil & Gas Buys Eagle Ford Acreage for $117 Million

2,700 Net Acres Producing 1,620 Boe/d Near The Sugarkane Field
Aurora Eagle Ford Acquisiiton Map

Aurora Eagle Ford Acquisition Map | Click to Enlarge

Aurora Oil & Gas announced on Friday March 1st the company has acquired 2,700 net acres near the Sugarkane Field for $117 million. [Read more…]