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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.

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Repsol acquires Eagle Ford position in joint venture from Equinor

November 21, 2019 by PBOG

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.

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