Madrid-based oil and gas firm Repsol reportedly will acquire Equinor’s 63 percent interest in a joint venture of 69,000 net acres in Eagle Ford Shale for $325 million. The deal allows Norway’s Equinor, previously known as Statoil, to focus on production in Gulf of Mexico. Oil & Gas Journal said the acreage jointly held by the two European energy giants produces 34,000 boed. Total output for Repsol in Eagle Ford now will reach 54,000 boed.
Permian Basin Oil and Gas Magazine
PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.