Reliance has agreed to sell Sundance Energy some of its producing interests in the W. part of its Eagle Ford shale position for USD100 MM. This is in conjunction with sales made by Pioneer and Newpek (the other interest owners with Reliance) to Sundance. Those assets sold (41 sq km) lie in the Atascosa, La Salle, Live Oak and McMullen counties (TX).Â  Reliance stresses it retains interests in its remaining (core) Eagle Ford assets. The sale is expected to close in 1Q â19. Pioneer will also be offloading remaining Eagle Ford Shale acreage, a data room expected to open next week.
Reliance Ind. is selling some of its shale assets in the Eagle Ford to privately-held Sundance Egy for US$100 MM.