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Operators Put Eagle Ford Assets Up For Sale
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As 2018 begins, a trend has emerged where E&Ps are 'coring up' their portfolios. This has resulted in numerous operators selling off properties that are no longer part of their original growth strategy.
A number of these divestitures have occurred in the South Texas / Eagle Ford area.
PioneerThe company announced that it plans to sell off its Eagle Ford, South Texas, Raton and West Panhandle assets in order to become a Permian "pure-play" E&P.
Pioneer expects to open data rooms for the planned divestitures later in the first quarter of 2018. The company currently has a JV with Reliance, who could emerge as a potential buyer for the assets.
Pioneer's Eagle Ford Asset: 70,000 net acres (all HBP) Net production of ~27 MBOEPD during the fourth quarter of 2017 (33% oil / 33% natural gas /…- ✓ Full news archive — U.S., Canada & international coverage
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