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Chevron Looking to Sell Eagle Ford For Billions: Map Inside

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Chevron Looking to Sell Eagle Ford For Billions: Map Inside

Chevron is reportedly looking to sell its Eagle Ford assets acquired when it took over Noble Energy. See map below

Analyst projects the company could fetch between $1 and $3 billion. We believe, according to the location, gas composition (45%) and prior prices bidders will most likely start at $1 - $1.5 billion.

The asset is 30,400 net acres with 30,300 Boe/d (45% gas), according to the marketing materials seen by Reuters.

Deal Flow Jump in Eagle Ford

We have seen a pick in deal flow in the Eagle Ford this year.  According to Shale Experts' Deals Database, we have had $1.78 billion in deals for 2021, $394 million in 2020 and $1.1 billion in 2019.  

One could reason that with the increase in gas prices and the now favorable A&D environment, this is opportune time to market its mostly gas…

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