Pioneer Natural Resources has signed a purchase and sale agreement with Sundance Energy to sell approx. 10,200 net acres in the western portion of Pioneerâs Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments. The acreage is located in Atascosa, LaSalle, Live Oak and McMullen Counties, Texas. Current net production is approx. 1,100 barrels of oil equivalent per day.After the sale closes, which is expected during the second quarter of 2018 and is subject to the satisfaction of customary closing conditions, Pioneerâs acreage position in the Eagle Ford Shale will be approx. 59,000 net acres, all of which is held by production. As previously announced, the remaining Eagle Ford Shale acreage position is also being divested, with a data room expected to open next week.Original article linkSource: Pioneer Natural Resources
Reliance Ind. is selling some of its shale assets in the Eagle Ford to privately-held Sundance Egy for US$100 MM.