Eagle Ford Deal Value Leads the U.S. in 2013
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
- Forest Oil Sells South Texas Assets to Focus on the Eagle Ford (No Eagle Ford assets included)
- Kinder Morgan - Copano Agree to a $5 billion Merger (Eagle Ford midstream assets included)
- Aurora Oil & Gas Buys Eagle Ford Acreage - $117 Million
- Sanchez Acquires Hess Eagle Ford Assets for $265 Million
- ZaZa Sells Eagle Ford Acreage and Reaches JV Agreement with EOG
Second Quarter 2013
- Penn Virginia Acquires Magnum Hunter Eagle Ford Assets for $401 Million
- Schlumberger & Forest Oil Reach Eagle Ford JV Agreement - $90 Million
- Crimson Exploration & Contango Oil Merge - Eagle Ford Assets Included
- Talisman Shopping for Eagle Ford Buyers (A deal never happened, but it's worth mentioning here)
- Halcon Sells Fayette and Gonzales Counties Eagle Ford Acreage for $144 Million
Third Quarter 2013
- EXCO Buys Chesapeake's Northern Eagle Ford Acreage - $680 Million
- ZaZa Selling Select Eagle Ford Assets to Sanchez - $28.8 Million
- NGL Energy Buys Crescent Terminal's Eagle Ford Crude Oil Terminal & Barge Business
- Rosetta Resources Acquires Additional Working Interest in Gates Ranch - $126 Million
- Austin Exploration Reaches Eagle Ford Deals With Halcon & Petromax - $30+ Million
- NGL Energy Acquires Eagle Ford Disposal Assets - $116 Million
- Sanchez - Rock Oil Eagle Ford Deal in McMullen County - $220 Million
- Calfrac Acquires Mission Well Services - $147 Million
- Marathon Oil Acquires 4,800 Eagle Ford Acres for $97 Million
- Shell's Eagle Ford Acreage For Sale - (No deal to date)
Fourth Quarter 2013
- EOG Elects Into Phase II of ZaZa JV
- ZaZa - Private Operator Agree to Eagle Ford JV in DeWitt County - $15+ Million
- Devon Acquires GeoSouthern's Eagle Ford Assets for $6 Billion
- Comstock Acquires Eagle Ford Assets From Ursa Resources - $66.5 Million
- Abraxas Petroleum Sells Eagle Ford Acreage in McMullen County to Redman Resources - $73 Million
- New Standard Energy Signs Option to Acquire Magnum Hunter's Remaining Eagle Ford & Pearsall Assets ~$25 Million
- Eagleford Energy & Stratex Enter Eagle Ford JV in Zavala County
- Penn Virginia Sells Eagle Ford Midstream Assets to ArcLight Capital - $100 Million
Read the full PLS upstream deal activity report at plsx.com also find a full list of Eagle Ford Deals here.