A private exploration and production (E&P) company (“the Company”) is expanding through an asset acquisition and development in the Eagle Ford Basin. In May 2019, the Company purchased Eagle Ford acreage in South Texas from an unrelate public-traded E&P company (“the Seller”). The transaction with the Seller included acreage across five counties, with current net production of approximately 15,000 barrels-of-oil-equivalent-per-day. The transaction represented the Company’s only acquisition of acreage to date.
Listen Here
A private exploration and production (E&P) company (“the Company”) is expanding through an asset acquisition and development in the Eagle Ford Basin. In May 2019, the Company purchased Eagle Ford acreage in South Texas from an unrelate public-traded E&P company (“the Seller”). The transaction with the Seller included acreage across five counties, with current net production of approximately 15,000 barrels-of-oil-equivalent-per-day. The transaction represented the Company’s only acquisition of acreage to date.