Deal — Eagle Ford Shale News — Eagle Ford Shale Play

Dallas-based Aresco-LP announced the sale of nine wells to Halcón Resources Corporation in March 2014 for an undisclosed amount.

The wells are located within Halcón's ~100,000-acre "El Halcón" core operating area in Brazos and Madison Counties.

“As our investors enjoy the opportunity to recycle capital into new projects, we wish Halcón best of luck as they continue their expansion throughout their El Halcón area of interest in East Texas.”

— Aresco CEO, Brandon Laxton

n 2014, Halcón plans on focusing much of it's activity in "El Halcón". The purchase of these wells from Aresco falls in-line with the company's opertations strategy.

“Our focus in 2014 is on drilling wells in the sweet spots of our de-risked acreage in the Williston Basin and El Halcón.”

— Halcón CEO, Floyd Wilson

Read more arescotx.com

Forest - Schlumberger Eagle Ford Acreage

Forest Oil is selling assets in the Texas Panhandle for $1 billion to Templar Energy and will focus the company's efforts in the Eagle Ford. The Panhandle assets produced an average of 100 mmcfe/d during the first nine months of 2013.

In the past year, Forest has sold assets in South Texas, the Permian Basin, and the Panhandle to improve the company's balance sheet.

Even the Eagle Ford wasn't immune from the company's plans, Forest sold a 50% interest in the company's acreage to Schlumberger earlier in the year.

“This transaction comprises a major component of the strategic deleveraging program we instituted in mid-2012 and will allow us to significantly reduce long-term debt and greatly enhance our financial flexibility and liquidity. This divestiture sharpens our operational focus and enables us to maintain development efforts in our core Eagle Ford Shale asset, where oil production is projected to show notable growth over the next several years.”

— Patrick R. McDonald, CEO