One-Page Deal Sheet
Eagle Ford Operator Signs Drilling Partnership with Service Company
Schlumberger Limited SM Energy Company
Announced Date
November 04,2017
Effective Date
September 01,2017
Transaction Type
JV - DrillCo
Asset/Basin:
{"Eagle Ford"}
TargetZones:
{"Eagle Ford Shale"}
Transaction Details: Subscribe to see
SM Energy annouced during its 3Q17 earnings call that it had "signed a jv with a third party". The company did mention that the JV is similar to its DrillCo in the Rockies Powder River Basin, where the company is engaged with Schlumberger.
"In September 2017, the Company entered into a joint venture (JV) agreement with a third party to drill 16 wells and complete 23 wells in a focused portion of its Eagle Ford North area. This partnership allows the Company to use third party resources to test cutting edge technology, accelerate the capture of technical data and hold acreage in this area…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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